The evidence pack behind a Place Mandate: what the place’s work offers institutions and markets across four five-year periods, what is held, the money sequence, the needed trajectory and the plan for proceeding without outside engagement.
Extended definition
The Ledger is twenty-five to fifty pages in a reference register, produced by Prompt 2 of the Place Mandate Template and finalized in Prompt 3. It values each strand of the Place Mandate in two directions: the public obligations it fulfils or makes cheaper for the Institutional form, and the services a buyer in the Market form can contract. Heritage, identity, custodial knowledge and the commons are recorded as held and never priced. The Ledger also states what the place retains from the value it offers, in the terms of retention economics.
Projections beyond the first five years are labeled as scenarios. Every figure carries its source or is marked as the cohort’s estimate.
Contrast with adjacent instruments
The Value Proposition Evidence Pack documents what a BioHub can tender now and after build-out. The Ledger places that offer on a twenty-year line, adds value to public institutions, and adds the money sequence, the needed trajectory and the plan for proceeding without outside engagement.
Structural elements
- Value offered to institutions
- Value offered to the market
- Value held, and value retained
- Stacked returns and the rule against double counting
- The money sequence: enabling, asset, outcomes
- The needed trajectory
- The 100-unit trail
- Proceeding without
- Costing, including the comparison with buying functions separately
- Risks and safeguards
- Open questions and gap register
Related terms
- Place Mandate
- Terms of Engagement
- Needed Trajectory
- Tenderable Services Portfolio
- Retention Economics
Sources
- Place Mandate Template (source document Place_Mandate_Template_v0_1.md)
Provenance
Written 30 September 2026 alongside the Place Mandate Template, which introduces the term. No editorial decisions beyond the standard voice conversions.