HPAC Magazine
News

Trade contractors coalition encouraged by industry support for prompt payment


Print this page

October 5, 2015

The National Trade Contractors Coalition of Canada (NTCCC) reports that it is encouraged by the outcome of a September 29, 2015, Canadian Construction Association (CCA) National Summit in Toronto, ON, on the issue of cash flow within Canada’s construction industry.

“The fact that the Summit consensus was that the CCA should encourage the federal government to enact prompt payment legislation was a positive step towards deciding on a CCA policy on this particular matter,” said NTCCC chairman, John Galt.

During a follow up meeting on September 30, NTCCC determined that if CCA supports federal prompt payment legislation at its upcoming national Board of Directors meetings in October, NTCCC would look forward to working in partnership with CCA on the matter.

Another encouraging recent development came from the Canadian Federation of Independent Business who stated: “The Canadian Federation of Independent Business (CFIB) supports the objectives of NTCCC’s prompt payment legislation, which is to ensure that all suppliers are paid in a timely manner. We look forward to examining the details of such legislation when they become available.”

In the meantime, NTCCC continues to call on all political parties during the federal election campaign to commit to introducing prompt payment legislation that will require all federal contracts for construction projects to include prompt payment clauses.

“This would require federal government owners and all contractors to make payments on time for work that has been completed and that is not in dispute,” said Galt. ”This would not cost government anything extra and would be a positive stimulus to the construction industry and would have a long-term positive effect of inviting more competitive bids and more affordable projects overall.”

Contractors and suppliers alike are encouraged to go to www.promptpayment.ca to send letters to their local candidates and Members of Parliament in support of federal prompt payment legislation. For more information contact Richard McKeagan at 613.232.0492 or e-mail rick@mcac.ca.

The National Trade Contractors Coalition of Canada (NTCCC) was established in 2004 to provide an organized forum for Canada’s national trade organizations to share information, resources, and to collaborate on issues that are of common interest all. The membership is currently comprised of: Canadian Roofing Contractors Association, Canadian Automatic Sprinkler Association, Canadian Masonry Contractors Association, Canadian Electrical Contractors Association, Mechanical Contractors Association of Canada, Interior Systems Contractors Association, Thermal Insulation Association of Canada, Heating, Refrigeration and Air Conditioning Institute of Canada-Contractors Division, Sheet-Metal Contractors Association, Canadian Institute of Steel Construction, and the Tile, Terrazzo, and Marble Guild.


Print this page



Related




Have your say:

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.