Thank you so much, Jody.
Thank you, everyone, for the opportunity to be here today.
It's a great question. We've seen companies in B.C., specifically around the time of the flood washouts from the atmospheric river in November 2021 that had access to bonding. These companies were qualified; they had the assets to use as security to gain bonding support. And when those washouts happened, the Ministry of Transportation had to call on these contractors to do that work. We saw companies go from revenues of $20 million a year to $20 million a month for the duration of that repair work. That opportunity simply doesn't exist for a contractor who can't achieve bonding support. Section 89, as Jody mentioned, presents barriers to achieving that support. These contractors who can't have bonding support because they are subject to that act are, as Shannin put it, relegated to "bite-sized opportunities" that don't require bonding. In B.C., as an example, on infrastructure projects that's a contract with a value of $200,000 or less. If we consider the inflation of labour and material costs over the last few years, that's a very small amount of work to break into a $200,000-contract.
