Thank you very much, Mr. Speaker. Mr. Speaker, well the contractor is the one that is making a commitment off the hop on a commitment they are making through a contract and through a bidding process to the government. So they would, I would hope, would know what commitments they're making in their own tendering process right from the hop. That being said, one of the things that we will be implementing coming up here is training for contractors so that they understand the expectation of all contracts, they understand how businesses are registered and comply with BIP, that they understand what penalties will be applied to them. So if BIP commitments are not achieved and -- so sorry, the payment adjustment applies only if BIP commitments are not achieved and is equal to 15 percent of the amount by which a contractor failed to meet their commitment for NWT content and 20 percent of the amount by which the contractor failed to meet its commitments for local content. Thank you, Mr. Speaker.
Caitlin Cleveland on Question 412-20(1): Business Incentive Policy Process
In the Legislative Assembly on November 1st, 2024. See this statement in context.
Question 412-20(1): Business Incentive Policy Process
Oral Questions
November 1st, 2024
See context to find out what was said next.