Office of the Superintendent of Financial Institutions Canada spent an estimated $28.8M in 2021-2022 on contracts.
Across 1,371 contracts active since the start of the 2017-2018 fiscal year, 294 have at least one amendment (21%). Of contracts with amendments, the average increase in dollar value was 562% and the average number of amendments was 2.18. Cumulatively these amendments represent an increase of $87.4M over the original contract values.
The average contract duration was 1.05 years, and the average contract value (not including contracts under $10k) was $132.3K. The longest contract was 10.12 years. The largest contract by value (including amendments) was $12.8M.
