Mr. Chairman, this was an unfortunate tender call. There were two things that went awry in it. The first one was that when NTCL bid on the project they were not a designated northern manufacturer. At the time the tender closed, they did not have approval as a northern manufacturer of steel tanks. Otherwise, they were a legitimate northern contractor under BIP. It is the responsibility of the company to become registered as a northern manufacturer of tanks in order to qualify for this particular tender call. Unfortunately, it did not happen at the time of the tender call and that was the reason for rejecting the tender. The other thing that went wrong on this particular tender call was that there was another bidder and the other bidder did not get their bid in on time. The decision then was how to deal with that.

We determined that it would be faster for us to retender the project, and get a contractor in place that way. That is the approach we took on it.