Thank you, Mr. Chair.
I would like to thank the witnesses for being here.
My first few questions are for Mr. Katz.
When we carry out projects, whether they use the traditional model or a P3, we usually use the same entrepreneurs. For example, there is the project to extend the Chief Peguis Trail. You are a municipal manager. In your opinion, why would this project be completed one year ahead of schedule and cost less in a P3, when you would use the same entrepreneur, whether it is a traditional model or a P3? I would like you to explain that to me. Does it have to do with contract management?