The cost of a DIB depends on the project specifics and the target outcomes. Apart from the direct costs of the project, there are administrative costs, technical assistance and legal fees, among others. Because DIBs are a relatively new concept, these costs tend to be on the higher side. Data from Instiglio, an organisation that has played the role of a project manager for many impact bonds globally, suggests that there can be a lot of variability in costs. There are bonds that have cost under USD 1 million, and others that cost USD 8-10 million. There are also several non-monetary costs associated with DIBs, especially for the service provider. These could include time spent by the leadership on oversight, and by key personnel within the organisation on managing multiple partners. Though DIBs are still a nascent concept, in the future as the concept matures, if a service provider fails to meet outcomes there could be costs to its reputation as well.