Mr. Tom Ring at the Government Operations and Estimates Committee

On November 22nd, 2012. See this statement in context.

November 22nd, 2012 / 10 a.m.

Assistant Deputy Minister, Acquisitions Branch, Department of Public Works and Government Services

The value proposition commitments are binding. If that was your specific question, then the value proposition commitments are in fact binding—this is in the umbrella agreement—and their commitment to live up to their value proposition commitments will be written into each of the individual contracts. Fulfilment of those commitments will be conditions precedent to continuing with the contract.

So yes, it is binding.

See context to find out what was said next.