Industrial and Technological Benefits
Canada's Defence Procurement Strategy (DPS), announced in February 2014, has transformed Canada's Industrial and Regional Benefit (IRB) Policy into the Industrial and Technological Benefit (ITB) Policy. This change will help ensure that defence and security procurements going forward are better leveraged to create jobs and economic growth in Canada.
A core element of the ITB approach is a rated and weighted Value Proposition. Bidders will be motivated to put forward their best Value Proposition for Canada in their bid proposal, as industrial considerations will now directly influence which bidding firm wins a contract.
The brief video below provides an overview of how the ITB Policy works. The rest of the website contains additional details and helpful guidance, including how Canadian companies can get involved.
An explanation of how the Industrial and Technological Benefits Policy works and how it helps Canadian businesses grow.
Procurements contracted prior to the February 2014 DPS announcement will continue to have IRB obligations. More information about those contracts and the IRB Policy can be found on the IRB website.
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