Payment by Results Jargon demystified

Payment by Results is revolutionizing the way that governments across the world pay for public services. Rather than using output-based contracts which spell out exactly what a company should deliver governments instead are using PbR to commission outcomes. So, instead of paying for the number of advice sessions that an organisation delivers to unemployed people, PbR contracts only make payments based on the number of people who actually find and keep jobs.
While many governments have enthusiastically championed PbR as a way of improving public productivity and cutting costs, others see it only as backdoor privatisation or a way of reducing public expenditure.
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