30-08-2022 00:50 via calgary.ctvnews.ca

Alberta construction industry handed more tools to ensure bills are paid

The provincial government says its new prompt payment legislation will make sure contractors and subcontractors will be paid on time after invoices are delivered. 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. Officials say the Prompt Payment and Construction Lien Act is something the industry has been seeking for the past 10 years. "I am excited t
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