General "Finance"
Name the four areas of FPOC
IF; CF; MPF; POC
What email should you send all enquiries to the POC team?
contracts@ticorp.ca
Which of TI Corp's projects have the largest total project cost?
FRTP - $4.15B
What does the CFA designation stand for?
Chartered Financial Analyst
What does the CPA designation stand for?
Chartered Professional Accountant
Why is the tractor FPOC's mascot?
It is an acronym for our operating principles:
Trustworthy
Respectful
Active Listeners
Collaborative
Timely
Open Minded
Results Oriented
What is timeline for an average RFP?
12 weeks (18 if complicated)
What does ROI stand for in finance? What about in BCIB's ROI training?
Return on Investment
Respectful Onsite Initiative
What are the three main rating agencies for the credit worthiness of bonds?
Moody's
Fitch
Standard & Poor's
Who is TI Corp's auditor?
Auditor General of BC
According to Benjamin Franklin, only two things are certainties in life, death and ?
Taxes
What does CSA stand for and what does it mean?
Corporate Supply Agreement, general suppliers pre-approved for use.
What is an accrual?
Estimate for work undertaken but not yet paid.
In insurance, who's job is it to analyze statistics to calculate risk and price premiums accordingly?
Actuary
What piece of legislation created TI Corp?
Transportation Investment Act
What are the two main credit bureaus in Canada?
Equifax and TransUnion
How many contracts are on TI Corp's contracts log for the entire organization (projects and corporate)?
Almost 400
Who signs all of TI Corp's project contracts?
Heather Hill, MOTI
What is an indemnity?
Security or protection against loss or other financial burden
Name two of the TI Corp policies that Finance is responsible for?
Financial Policies
Authorities and Delegations
Fraud Risk
Travel and Reimbursable Expenses
Who is the Oracle of Omaha and CEO of Berkshire Hathaway?
Warren Buffett
What is the total value of all of TI Corp's corporate and Owner's contracts at Sept 30?
Just under $1.5 billion
What year did the Massey Tunnel open and how much did it cost?
1959 at $16.6 million ($169.9M in 2023)
What is an interest rate swap?
When a floating interest rate is converted to a fixed interest rate
Who are the three financial employees that used to work at old TI Corp?
Edmond, Nakul and Haolin