COVER STORY
We want to help the government see that this is something that supports small business, that the government is putting things in place to help small businesses with their cash flow.
prompt payment legislation could be a winning strategy for Premier Rachel Notley’ s government. That is one of the key messages the contractors’ coalition will press as it moves forward.
“ We want to help the government see that this is something that supports small business, that the government is putting things in place to help small businesses with their cash flow. That’ s the win that I see( for the government),” Evans said.
An ATCC survey of members in 2015 showed that delayed payments place significant financial burdens on Alberta’ s trade contractors, drive costs higher, reduce competition and cut into tax revenue. The survey revealed an average of 78.6 days for contractors to get paid. The average amount outstanding on accounts 60 days or more overdue was $ 233,819.92, most of it on private contracts. With more than 3,000 trade contractors in the province, it was estimated that these contractors are, at any given
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