Outcomes-Based Contracting & Impact Bond Course
This is a new short course being offered by the Bertha Centre, a specialised unit at UCT’s Graduate School of Business.
In this course, government officials in senior management positions and development finance institution representatives will gain an understanding of how national, provincial and municipal departments and country donors can use outcomes-based contracts and Impact Bonds to improve the effectiveness of social and environmental programmes. They can also learn how donor and investor capital can be used to de-risk innovative interventions and expand services.
These contracting and financing models have garnered significant interest globally as they bring public and private sector expertise and resources to bear on complex and intractable social problems.
South Africa has been leading the investigation of these instruments in the developing world with multiple projects in development phase across a variety of sectors. As such this course comes at an opportune time for government officials and policy makers to learn from both international and local experience as we try and tailor these tools to suit our context.
Delegates will be given tools to evaluate whether particular social issues are suitable to be approached in this manner, how outcomes are defined and priced and how specifications can be written up in order to run a procurement process. They will be given the opportunity to engage with investors and donors who have experience in the field. They will participate in case study based workshops led by a diverse group of leading experts in the field. At the end of the course, they will be able to take their first steps to realise the potential of using these contracts in their own departments.
The course will provide a world-class, tailor-made curriculum to participants and will be taught by leading experts and practitioners from across the globe including Tamsyn Roberts from the Centre for Social Impact Bonds at the UK Cabinet Office; Marta Garcia from Social Finance as well as Barbara Kong and Liesbet Peters from D.Capital. Some of the local contributors include Dr. Tracey Naledi from the Department of Health, Mark van Wyk from Mergence Investment Managers, as well as Dr. Susan de Witt and Aunnie Patton Power from the Bertha Centre.
"Government is the biggest buyer of social services in South Africa and are constantly striving to improve the effectiveness of those services at the most reasonable price. This is one tool that may enable them to do that."
Dr Susan de Witt - Course Convenor
The course is run by the Bertha Centre for Social Innovation and Entrepreneurship at the UCT GSB and forms part of its efforts to build the outcomes-based contracting practice in Africa. The Bertha Centre is collaborating with academics and practitioners in the field to bridge the skills gap through this new course.
Is this course for me?
This short course is for senior government officials and policy makers including those who may be responsible for implementing these contracts in future. It may be of particular interest to those in supply chain management as they grapple with redesigning specifications focusing on outcomes rather than inputs. It is also open to DFI representatives many of whom are channeling donor funding through these contracts throughout the developing world.
- Develop a sophisticated understanding of the Impact Bond market internationally and locally.
- Gather insights on how to develop outcomes-based contracts and Impact Bonds.
- Acquire an understanding about which parts of South African legislation pertain to this contracting methodology.
- Build practical skills in identifying social issue, target cohort, set of outcomes, suitable investors and specifications.
- Learn about global and African best practices of implementing Impact Bonds from leading experts in the field.
This interactive three day training opportunity offers a rich learning experience that blends theory and practice with a focus on the latter.
Day 1: Global Impact Bond overview focusing on the biggest market in the world
Day 2: Exposure to regulatory aspects and practical application in health, social and economic development sectors
Day 3: Building an Outcomes-Based Contract and Impact Bond
In order to enrich your understanding and learning experience, we recommend reading the following material:
- The potential and limitations of Impact Bonds (Brookings Institute, 2015)
- Better outcomes, better value: The evolution of Social Impact Bonds in the UK (Bridges Ventures, 2016)
- A technical guide to developing Social Impact Bonds (Social Finance, 2013)
- A guide to Impact Bond investing (The Bertha Centre for Social Innovation)
This course will run in Pretoria at the National School of Government. For more information please contact firstname.lastname@example.org at the Bertha Centre for Social Innovation and Entrepreneurship.
22 - 24 August 2016
5 August 2016