13 08, 2018

BCCA aiming to have prompt payment legislation tabled next spring

By |August 13th, 2018|Advocacy, In The News|

The British Columbia Construction Association (BCCA) is working with industry stakeholders, including VRCA, to get a legislative solution addressing the need for prompt payment in B.C. on the table for the Spring 2019 legislative session. Lack of prompt payment is one of the most significant issues in the construction sector. When contractors don’t get [...]

12 03, 2018

Prompt Payment BC advocates for provincial legislation

By |March 12th, 2018|Advocacy|

Nationwide, $46 billion in construction invoices remained unpaid beyond a 30-day period, an amount representing approximately 16 per cent of the estimated $285 billion in annual construction activity in Canada. Worse yet, between 2007 and 2012, the average duration of receivables increased by more than 13 per cent, rising from 62.8 days to 71.1 [...]