We talked about the contracts registry earlier and, according to the contracts registry, the premium for 2007–08 is $220,000, approximately. The fact that this premium is so low reflects on the fact that we have had significant departure of businesses from the Northwest Territories; the fact that there is no competition on contracts and tendering; the fact that with large capital projects we are lucky if we have one or two companies bidding on them, which has resulted in significantly large bids, some as much as 100 per cent over estimates of costs. That is the nature of what we are trying to deal with, Mr. Speaker.
Bob McLeod on Question 270-16(2) Elimination Of Business Incentive Policy
In the Legislative Assembly on June 5th, 2008. See this statement in context.
Question 270-16(2) Elimination Of Business Incentive Policy
Oral Questions
June 4th, 2008
See context to find out what was said next.