Innovation, Science and Economic Development Canada spent an estimated $220.2M in 2021-2022 on contracts.
Across 6,728 contracts active since the start of the 2017-2018 fiscal year, 989 have at least one amendment (15%). Of contracts with amendments, the average increase in dollar value was 171% and the average number of amendments was 1.49. Cumulatively these amendments represent an increase of $237.5M over the original contract values.
The average contract duration was 0.8 years, and the average contract value (not including contracts under $10k) was $156.0K. The longest contract was 12.72 years. The largest contract by value (including amendments) was $43.5M.
