Government Operations committee  I would say that they're not necessarily typically bundled, and this is the whole grey area of what a P3 is or is not. Many of the hospitals we're talking about in Ontario, for example, don't even have an ongoing operating or maintenance phase. There's simply the construction per

Government Operations committee  I'll just say that part of the reason why this is very confusing is that there are two different measurements here. Finn was talking largely about the welfare measurement—the overall efficiency gain—and generally the VFM speaks to the government fiscal balance, to the government

Government Operations committee  I think one good point that's been made is that in either case you're doing some sort of procurement for these large construction projects, so you're still sending out something to be bid. In many cases, you're still getting the same types of companies that might give some good e

Government Operations committee  I alluded to this at the outset, and Mark said that certainly uptake has been increasing. It's never going to be 50% or 70% or 80% of all projects. Part of this is related to the transaction costs and the upfront costs, which are not fixed as a percentage of the project. They var

Government Operations committee  I'd like to thank you for having me today. I'm from the Conference Board of Canada. We're a not-for-profit research think tank. We've published research on this very topic in the past, and continue to be interested in the topic, because we think infrastructure delivery and obvio