Interested to see how this plays out down the road, you see/hear stories of contractors getting paid and never to be heard from again when there's issues or they get paid and never complete the work.
https://www.cbc.ca/news/canada/calga...tion-1.6567464
"After years of advocacy by the construction industry, Alberta now has legislation in effect to help contractors and subcontractors get paid on time.
The province's new Prompt Payment and Construction Lien Act is intended to address ballooning wait times for payment on construction contracts, said Service Alberta Minister Nate Glubish.
Over the years, Glubish said the average time frame for payment on a contract has grown from 40 days to 75 days. At times, contractors and subcontractors have had to wait more than three months to get paid for their work, Glubish said.
"What we've had here in Alberta up until now was the Wild West," Glubish told CBC Calgary. "Now that we have a clear set of rules, everyone's going to play by the same rules, and I'm cautiously optimistic that we will be in a very good position going forward."
The new legislation, which was formerly known as the Builders' Lien Act, requires owners to pay contractors within 28 days of receiving an invoice. "
There are definite scumbags out there who have to be hunted down to pay so I see why this is coming forth, but interested to see how this pans out for both sides of the customer/contractor
FYI in general regarding this as well I suppose.