Create PSIB Compliance Insurance Product for Contractors
- Organization
- Defence Construction Canada
- Sector
- Construction contractors bidding on DCC projects
- Location
- Canada
Executive summary
Current state
Defence Construction Canada mandates Indigenous Business Directory registration for contractors but lacks verification capability, creating a compliance gap between DCC's enforcement authority and Indigenous Services Canada's data control.
Market catalyst
Contractors face compliance risk (removal from OCSL, contract termination) for incorrect IBD claims but have no affordable risk mitigation product - creating an insurance gap between low verification costs and high compliance penalties.
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