The new law, which replaces the Builder's Lien Act, ensures that contractors are paid within 28 days of receiving a proper invoice and those contractors pay their subcontractors within seven days.is something the industry has been seeking for the past 10 years.
"I am proud of the work that Alberta’s government did, collaborating over the last three years with members of the construction industry to develop and pass legislation that will protect jobs and unlock cash flow in this multibillion-dollar industry that employs hundreds of thousands of Albertans."In a release, the group calls it "a momentous day for all trade contractors in Alberta.
Some in the construction industry say changes in government have played into how difficult it has been to improve the situation.
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