Whereas local governments across British Columbia are experiencing procurement cost increases for essential municipal goods and services, including construction, mechanical systems, fire apparatus, infrastructure materials, and specialized software, at rates that in some sectors exceed general inflation; And whereas market consolidation and acquisition activity, including private equity investment in sectors serving local governments, may be contributing to reduced competition and increased costs, with potential long-term fiscal implications for municipalities and taxpayers: Therefore be it resolved that UBCM undertake or commission a comprehensive study examining procurement cost escalation affecting local governments, including the impacts of market consolidation, acquisition activity, and other contributing factors, and to report findings and recommendations to member local governments.
