Author: 
The Social Benefit Bond Program, Queensland Treasury

The competitive tender process for the Queensland government's new Social Benefit Bonds program has recently been launched, and the Invitation for Expressions of Interest (EOI) documents are available via Q Tender .

We are inviting responses which propose a Social Benefit Bond in one or more of the three focus areas: reoffending; homelessness; and issues facing Aboriginal and Torres Strait Islander people. There are two discrete preferred cohorts for each focus area.

  • Reoffending: young people at risk of being held remand and women exiting the adult custodial correctional system.
  • Homelessness: families with young children experiencing significant housing instability and young people exiting statutory care at risk of homelessness.
  • Issues facing Aboriginal and Torres Strait Islander people: Aboriginal and Torres Strait Islander people at risk of one or more of the following chronic disease areas: chronic kidney disease, diabetes, cardiovascular and chronic obstructive pulmonary disease and children in out-of-home care.

The focus areas and preferred cohorts are at the centre of these transactions and as such form the basis for proponent responses to the Invitation for EOI. The preferred cohorts have been determined following feedback received through market sounding and close collaboration with our agency partners to test for availability of supporting data for measurement, evaluation and viability as a Social Benefit Bond.

All respondents are advised that the Invitation for Expressions of Interest is the first phase of the pilot program’s procurement process requiring responses of around 20 to 25 pages in length. The intention is to develop a shortlist of respondents who demonstrate the experience, capability and capacity to participate in the pilot program, and provide high-level information regarding their idea for a social benefit bond in one or more of the focus areas.

Short-listed respondents will be required to provide more detailed financial and technical information in subsequent procurement phases.

The intention of this phased approach is to limit the time and resource impost on respondents in the EOI phase. To assist respondents, the Government has shared all available information on the focus areas and preferred cohorts in the Statement of Opportunities.

Further guidance is also provided on the Social Benefit Bonds Pilot Program website:

Invitations for the EOI close on 24 March 2016 at 2pm Queensland time.

 

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