Construction contractors across Canada have perennially experienced payment delays on projects, unfairly impacting their cash flow. The reasons for the payment delays are many. However, in essence, if a payee can get away with keeping money in its own pocket for longer, it is not likely to forego that opportunity.

For this reason, the industry has pushed for years for legislation that requires prompt payment on construction projects. Ontario, Alberta and Saskatchewan have all in recent years enacted prompt payment legislation, and now British Columbia has introduced Bill 20, the Construction Prompt Payment Act.

The timing........

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