Common Contracts
1 similar Pay for Success Agreement contracts
From Cashable Savings to Public ValuePay for Success Agreement • August 31st, 2015
At the heart of Pay for Success, or PFS—also called social impact bonds—is a govern- ment contract in which the government agrees to pay for specific outcomes.1 It is the fact that the government only pays when social outcomes are achieved that makes the concept especially appealing in tight budgetary times. Likewise, it is the government’s promise to pay when the contracted outcomes are achieved that attracts investors to provide capital to programs that they believe can achieve those outcomes.2
