A new housing development is pictured in Brampton, Ont., on July 12, 2022. Alberta has brought in new legislation to help those in construction get paid more quickly.
Over the years, Glubish said the average time frame for payment on a contract has grown from 40 days to 75 days. At times, contractors and subcontractors have had to wait more than three months to get paid for their work, Glubish said. "When contractors know that they're going to get paid on time, then they can truly plan their company, their work," said Milot. "They can hire more individuals, they can start apprenticeships, if they know they've got the stability of when they're going to get paid."Bill Black, the chair of the Calgary Construction Association board, says trade contractors sometimes wait months to get paid for their work. He thinks the legislation is a good step.
While Black believes the new act will help, he said it isn't a "silver bullet." Both he and Milot pointed out the province's legislation doesn't apply to provincial government projects.Glubish said provincial contracts are all already covered under the Public Works Act.
Source: News Formal (newsformal.com)
Alberta, always looking out for the little guy...lol
It doesn’t. Who’s going to turn in a company that isn’t paying on time? Maybe if you don’t plan on ever working with those people again. Those same contractors already have “net45” on the bottom of their invoices.
That’s the way it should be.
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