Thank you, Mr. Chair.
Thank you to our witnesses for being here.
Ms. Bak, I'd like to start with you, please. I'm going to pick up where Mr. Trost left off.
I'm not going to put words in your mouth, but I think I heard you say “a CMHC for technical risk”, and you also talked about bidding into these foreign markets and winning. I want to get some clarity around what you mean by “technical risk”. Typically I see technical risk as technology, if you will, or whatnot, as opposed to some other risk in the area, so if you're bidding on these projects and winning, are you bidding proven technologies in these foreign markets? What does “technical risk” then mean if you're bidding proven technology?