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Step 2 of 4

Price of outcomes

Have you set a clear price for each outcome and when they will be paid? Do you have strong justification for these outcome payments that is based on financial or historical data? Have you checked these with providers/investors?

You are ready when

There is a clear articulation of price of outcomes and when they will be paid (payment milestones). There is a strong justification based on an existing evidence base, this may be financial or historical data. These outcome payments have been sense checked by providers/investors.

You have work to do if  

There is an unclear rationale for pricing of outcomes.