Mr. Chairman, in any situation where we are tendering, we do not know what the actual cost of that contract is until we open the envelope. In this case, clearly the tender costs for this project were over budget by $300,000. In that situation, when the estimates were done when the project was designed, those estimates were lower than what the actual cost of the lowest bid was. I think that reflects a change in the economy in Inuvik.

I hope the government, and I expect that Public Works is continually refining its estimates to reflect the actual economic situation we are facing so that anything they are doing right now would reflect the heated up economic environment we currently have. Thank you.