The Government of Canada spent an estimated $472.4M in 2021-2022 on contracts with Vancouver Shipyards.
Across 24 contracts active since the start of the 2017-2018 fiscal year, 16 have at least one amendment (67%). Of contracts with amendments, the average increase in dollar value was 357% and the average number of amendments was 3.88. Cumulatively these amendments represent an increase of $847.0M over the original contract values.
The average contract duration was 2.84 years, and the average contract value (not including contracts under $10k) was $231.2M. The longest contract was 9.01 years. The largest contract by value (including amendments) was $2.4B.
