Waterloo construction projects see major savings since passage of Bill 66: Cardus

Daily Commercial News

A new report by Cardus shows since the passage of Bill 66 two years ago, the Region of Waterloo, Ont. has saved an average of 14 per cent in municipal construction project costs and has experienced nearly double the number of bidders on projects. The report, Bouncing Back Through Diversity: The Effects of Bill 66 on Construction Competition in the Region of Waterloo, also found the average number of bidders for the region’s construction projects grew by 50 per cent to reach 5.5 bidders per contract since the bill passed.