Updates to the Building Ontario Businesses Initiative Act (BOBIA), O.Reg. 422/23, will impact procurement requirements for purchases under the SP-01 policy starting April 1, 2024. BOBIA applies to McMaster University as a Broader Public Sector institution, and its purpose is to give Ontario Businesses preference when conducting procurement processes. The university will be required to demonstrate compliance with our BOBIA obligations by submitting a report on its procurement activity via Strategic Procurement.