How does the IRB Policy Work?
The IRB Policy ensures that companies that have won Government of Canada defence and security contracts place business activity in the Canadian economy equal to 100 percent of the contract value. Also known as "offsets", IRB policies are a common part of global defence and security procurements and are practiced in one form or another in 48 countries around the world. In addition, more countries are beginning to introduce offsets after undertaking higher levels of defence spending over recent years.
The Government of Canada's IRB Policy is administered and managed by officials in the IRB Directorate, located within the Aerospace, Defence and Marine Branch of Innovation, Science and Economic Development Canada.
Follow the links below for more detailed information on how the IRB Policy works:
- The IRB Policy within the Government of Canada Procurement Process
- Type of IRB Transactions (Direct and Indirect)
- IRB Eligibility Criteria
- Post Contract IRB Management
- Example of an IRB Project
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