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...Guidance on template contract for social impact bonds and payment by results to accompany including introduction these notes have been prepared assist users of the dcms following consultation with commissioners investors intermediaries service providers background government is committed enabling new forms commissioning contracting that improve both outcomes derived from delivery public services value money achieved expenditure there has also increasing use mechanisms such as payments contracts seeking change emphasis risk profile let bodies encouraging examples innovation taking place in this area create space which approaches can be explored encourage support increased developed a sector it designed starting point range different accompanies offers advice how adapt suit detail approach adopted any particular commissioner its partners first part highlights critical issues borne mind parties contemplating form include what bond relationship performance spectrum fall within drafting pri...