Infrastructure Ontario Real Estate Extends Vendor of Record Master Agreement
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OGCA has received notice from one of our members that IO Realty has extended the initial Term of the Agreement which expired on April 30, 2016. Ontario Infrastructure and Lands Corporation ("Infrastructure Ontario") exercised the option to extend the Agreement for a period of one (1) year ending April 30, 2017, under the same terms and conditions applicable to the Initial Term.
Infrastructure Ontario will further extend the agreement for a period of three (3) months ending July 31, 2017, under the same terms and conditions applicable to the Initial Term. This extension will provide the necessary time for Infrastructure Ontario to complete the evaluation process for the new Province Wide Qualified General Contractors Vendor of Record that will be awarded over the next three (3) months.
OGCA has met with IO to discuss this and is in support of the extension. Once the new system rolls out, it will be monitored on its effectiveness, and discussions will continue with IO Realty.
