Thank you, Mr. Chairman. Just for clarity, the time devoted by senior management to oversee the project won't be part of this. This will be the actual people that are hired to implement the system; the consultants, the dedicated staff resources. In this money is money for training, for data conversion, for business re-engineering. All of those are considered to be implementation costs. In fact, on a major project like this, a good 60 to 65 percent of your costs will be those types of labour inputs, labour costs. The actual licensing of the new software, whatever hardware is required, that constitutes a smaller part of the project, and in our accounting policies and accepted accounting policies across the country are that those dedicated project costs are capitalized and amortized over the life of the project.
Mr. Voytilla on Committee Motion 26-15(4): Recommendation To Move The Contract Registry From Iti To Fmbs, Carried
In the Legislative Assembly on February 22nd, 2006. See this statement in context.
Committee Motion 26-15(4): Recommendation To Move The Contract Registry From Iti To Fmbs, Carried
Item 16: Consideration In Committee Of The Whole Of Bills And Other Matters
February 22nd, 2006
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Voytilla
See context to find out what was said next.