On February 18, 2016, the Financial Management Board approved increases to the GNWT sole-source limits effective April 1, 2016, and that is concurrent with the implementation of the modernized Financial Administration Act. Specifically, the sole-source limit for goods and non-professional services will increase from $5,000 to $25,000; professional services from $25,000 to under $50,000; and for architectural and engineering professional services, to under $100,000. The Modern Management Initiative is friendly to northern businesses and also addresses inflationary increases since the GNWT sole-source limits were established 20 years ago. This initiative has broad stakeholder support and is consistent with what is being done with other government jurisdictions in Canada and the province of Ontario. ITI will be seeking approval in March to make the corresponding changes to BIP to increase from $5,000 to $25,000, and the Department of Finance is actually preparing a letter to send to the Standing Committee on Priorities and Planning informing them of these changes. But since the question is being asked today, I thought I would respond to that today.
Robert C. McLeod on Question 72-18(2): Supporting Small Businesses With GNWT Contracting Policies
In the Legislative Assembly on February 29th, 2016. See this statement in context.
Question 72-18(2): Supporting Small Businesses With GNWT Contracting Policies
Oral Questions
February 28th, 2016
See context to find out what was said next.