Thank you, Mr. Speaker. We do know that the direct costs to the Department of Industry, Tourism and Investment is about $300,000 in terms of administration, but that is a conservative figure when you consider the fact that all the departments have BIP monitoring committees set up in order to make sure the BIP is properly applied to their departmental procurement. So it is bigger than that. It consumes a lot of our time. We know it consumes a lot of time on the part of small business in order to make sure they're in compliance, and our numbers from the last year we have data for, on $200 million worth of GNWT procurement, there was about a $200,000 BIP premium paid to BIP registered businesses. I would also point out that about half of those are what we consider ex-NWT companies.
So they have a presence here and a presence elsewhere, as compared to just NWT home-grown businesses. Thank you, Mr. Speaker.