First, let's be clear. We are not limiting the contracts that NWT businesses can bid on. There is a limit in place on the dollar amount of the total adjustment that can be applied, and that is $500,000. While the intent of the Business Incentive Policy is to support northern businesses and recognize the higher costs of doing business in the North, we also have a public responsibility to ensure effective and appropriate expenditure of public resources. In a review that was taken a number of years ago, it was determined that the total bid adjustment of $500,000 was a fair amount and would offset any higher costs of maintaining a business in the Northwest Territories, regardless of what the overall value of the contract was.
Wally Schumann on Question 799-18(3): Highway Infrastructure Projects and Application of Business Incentive Policy
In the Legislative Assembly on August 13th, 2019. See this statement in context.
Question 799-18(3): Highway Infrastructure Projects and Application of Business Incentive Policy
Oral Questions
August 13th, 2019
Page 5974
See context to find out what was said next.