Financial Consumer Agency of Canada spent an estimated $9.4M in 2021-2022 on contracts.
Across 424 contracts active since the start of the 2017-2018 fiscal year, 54 have at least one amendment (13%). Of contracts with amendments, the average increase in dollar value was 262% and the average number of amendments was 1.69. Cumulatively these amendments represent an increase of $13.6M over the original contract values.
The average contract duration was 0.9 years, and the average contract value (not including contracts under $10k) was $124.3K. The longest contract was 6.95 years. The largest contract by value (including amendments) was $3.7M.
