M&A / Property
Bird Construction heads to next phase of Peel Memorial

BDT · Price
Executive Summary
- Bird Construction Inc. has entered into a Development Phase Agreement (DPA) with Infrastructure Ontario (IO) and William Osler Health System for the Peel Memorial Hospital Phase 2 redevelopment project.
- This agreement follows Bird's selection as the preferred proponent on September 29, 2025, and marks the official commencement of the development phase.
- Bird will collaborate with IO and Osler to advance the project's design, schedule, pricing, and risk parameters under a progressive design-build model, with the expectation of entering a target price project agreement upon successful completion of the development phase.
Key Details
- Parties Involved: Bird Construction Inc. (Developer/Proponent), Infrastructure Ontario (IO), and William Osler Health System.
- Project: Peel Memorial Hospital Phase 2 Redevelopment.
- Contract Type: Development Phase Agreement (DPA) under a progressive design-build model.
- Scope of Work: Collaboration to advance project design, schedule, pricing, and risk parameters.
- Next Steps: Upon successful completion of the development phase, Bird expects to enter into a target price project agreement to deliver the project.
- Context: This announcement follows Bird's selection as the preferred proponent on September 29, 2025.
Notable Quotes
- "The DPA for the Peel Memorial Hospital phase 2 redevelopment reflects Bird's extensive experience delivering complex health care infrastructure across Canada," said Teri McKibbon, president and chief executive officer of Bird. "This progressive contracting model fosters early engagement, informed decision-making and disciplined risk management, which are all key drivers of value for our clients, partners and communities. We remain committed to delivering high-performing institutional projects that contribute to long-term value creation and reinforce our leadership in nationally significant sectors."
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