Pass Prompt Payment Legislation
The time for payment certainty in BC is now.
Lack of payment certainty legislation is one of the most significant issues in the construction sector. When contractors don’t get paid on time, it places a financial burden on businesses and blocks cash flow in the economy. The additional annual cost to taxpayers is estimated to be in the billions.
Solving the prompt payment challenge in BC improves cash flow for British Columbians across our province. It will help contractors pay their staff and their bills and manage their business without taking on extra debt and financial expenses amidst a cost-of-living crisis. With the Trump administration’s unjust tariffs on Canadian industries, we must stand in solidarity with our industry, businesses, and workforce by implementing measures that support our sector.
Hard-working British Columbians deserve payment certainty.
Payment certainty legislation is already in place in most provinces. BC’s failure to implement this critical policy weakens our ability to compete nationally and attract and retain the investment and workforce our province needs to keep growing.
