When a private developer gets a piece of land and says it's going to build a 20-storey apartment building for $35 million.... I've worked on a lot of government projects. A private builder will say its project is going to be $35 million, and ultimately, that's a hard stop in private industry. There are always contingencies for cost overruns built into the project. In my experience on government projects, it's just writing cheques because this and that are going to be extra. I've seen projects nearly double in cost.
What does Build Canada Homes have for built-in checks and balances so that the government isn't taken advantage of? I have seen that in certain situations with builders and developers. Also, how will it protect the taxpayers' money and keep those projects within the specified budget?
