Bird Announces Development Phase Agreement for Peel Memorial Hospital Phase 2 Redevelopment

Executive Summary

• Bird Construction entered into a Development Phase Agreement (DPA) with Infrastructure Ontario and William Osler Health System for the Peel Memorial Hospital Phase 2 Redevelopment.
• The DPA initiates the design‑build development phase; upon its successful completion, Bird expects to negotiate a target‑price Project Agreement to deliver the construction.
• The agreement underscores Bird’s role as Preferred Proponent and highlights its expertise in large‑scale healthcare infrastructure, representing a material positive development for the company’s pipeline.

Key Details

• Parties: Bird Construction Inc. (TSX: BDT), Infrastructure Ontario (IO), William Osler Health System (Osler).
• Project: Peel Memorial Hospital Phase 2 Redevelopment (Ontario, Canada).
• Agreement Type: Development Phase Agreement (DPA) – the first formal step after being selected as Preferred Proponent on 2025‑09‑29.
• Scope of DPA: Collaboration on project design, schedule, pricing, and risk parameters using a progressive design‑build model.
• Next Milestone: Completion of Development Phase triggers negotiation of a target‑price Project Agreement for construction delivery.
• Strategic Significance: Adds a high‑value healthcare infrastructure contract to Bird’s order book; reinforces its leadership in nationally significant sectors.
• Quotes:
• “The DPA … reflects Bird’s extensive experience delivering complex healthcare infrastructure across Canada,” – Teri McKibbon, President & CEO.

Notable Quotes

“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.” – Teri McKibbon, President & CEO, Bird Construction.