How to decide whether a SIB is likely to be appropriate
An organisation commissioning a service or project could consider a SIB when:
the desired outcome is clear and measurable (eg reducing recidivism)
the quality of outcomes can improve
there is a desire to increase evidence of effective programs
government is looking to transfer financial risk
there is a desire to catalyse the market for innovative financing
a large proportion of savings are cashable or funding is available for this outcome