Alberta’s fourth P3 schools project has been reduced to a single bidder because of local conditions, the structure of the project and fierce competition that cut margins, a report prepared for the government says.

Alberta Infrastructure ordered the report from Deloitte after only one bidder, led by Gracorp Capital Advisors and Bird Capital Limited Partnership, responded to the August RFQ for the 19-school bundle. The government later said it would go ahead with an RFP and measure the Gracorp bid against a public comparator.