A long-awaited bill that sets out strict payment timelines for general contractors and subcontractors working on federal construction projects has been signed into law. Late last week, Governor General Julie Payette granted C-97, a wide-reaching budget implementation bill, royal assent, effectively establishing the federal government’s first prompt payment legislation. The bill had cleared the Senate a day earlier. Industry groups have been pushing for a set of rules governing timely payouts for construction companies for years and the Liberal government committed to putting a federal prompt payment regime in place in last year’s Fall Economic Statement. The National Trade Contractors Coalition of Canada (NTCCC), which is made up of numerous national trade groups including the Mechanical Contractors Association of Canada and the Canadian Electrical Contractors Association, applauded the government for following through on the promise.
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