Federal Economic Development Agency for Southern Ontario spent an estimated $3.0M in 2021-2022 on contracts.
Across 216 contracts active since the start of the 2017-2018 fiscal year, 33 have at least one amendment (15%). Of contracts with amendments, the average increase in dollar value was 78% and the average number of amendments was 1.3. Cumulatively these amendments represent an increase of $6.9M over the original contract values.
The average contract duration was 0.77 years, and the average contract value (not including contracts under $10k) was $81.0K. The longest contract was 7.98 years. The largest contract by value (including amendments) was $5.3M.
