Dramatically decreasing market demand has resulted in an erosion of project equity. For contractors, this environment presents acute risk.

The British Columbia Construction Association (BCCA) welcomes the provincial government’s introduction of prompt payment legislation.

The Calgary Construction Association (CCA) is optimistic about the proposed amendments to Alberta’s Prompt Payment and Construction Lien Act.

The Canadian government is seeking public input on the current regulated timelines for banks to clear deposited cheques and release funds to payees.

For B.C. contractors, cash flow is being severely restricted by payment delays or non-payment. Prompt payment legislation is urgently needed.

New federal prompt payment legislation came into effect on December 9, 2023, addressing long-standing construction industry concerns.

Manitoba has introduced amendments to the Builders’ Liens Act to make prompt payment a reality.