We do recognize that a project of this magnitude does have some risks associated with it. The only guarantee that we do have is that we’ve negotiated with the Joint Venture group, we’ve negotiated with a group of contractors, big contractors actually, that we felt were in the best position to build this highway with the amount of money that we were putting into the highway. That is the thing that we have to back us up. We can’t provide a solid guarantee that this is going to come right in on budget, but at this point this is how all contracts start. We come up with a price, we negotiate a price, the contractors tell us they can do it within that price and we’re confident that they can, so we proceed. Thank you.
Tom Beaulieu on Question 34-17(5): Inuvik To Tuktoyaktuk Highway Project Financial Oversights
In the Legislative Assembly on February 5th, 2014. See this statement in context.
Question 34-17(5): Inuvik To Tuktoyaktuk Highway Project Financial Oversights
Oral Questions
February 4th, 2014
Tu Nedhe
See context to find out what was said next.