Handing over IP and copyright in a BIDDING process is unheard of. At least to me.
So now you see how this contest isn't at all like a BIDDING process.
"Finalists"
AKA
"we're gonna take full ownership of every entry we like and only one of you is getting any money"
Finalists. Aka THE NICEST SUBMISSIONS
AKA "WE TAKE OWNERSHIP OF THE NICEST WORK BUT ONLY PAY FOR ONE (THE WINNER)"
No I'd say you dont understand English.
Dundas Square.
ONE HOUR
These design contests do not attract the best designers. If the government goes that route we will end up with an incredibly mediocre logo and everyone will complain about it.