BCCA Continues to push for quicker action toward prompt payment legislation in BC, as recognized in the recent report from the Select Standing Committee of Finance and Government Services:

“BCCA explained that construction is the only sector in which it is standard practice for purchasers of services to require 90 or 120-day payment terms, and then to delay payment even on those terms. They referenced other jurisdictions with prompt payment legislation and noted that the BC Lien Act has been reviewed and is ready to be updated, and the adjudication model, developed by Ontario, can be utilized in BC. According to the organization, enacting such legislation would help get funds to tradespeople who may be already struggling to afford housing and groceries due to inflation and rising interest rates as well as free up billions of taxpayer dollars, helping construction projects to be delivered on time and on budget.” (Section titled “Fiscal and Regulatory Policy” on Page 55 of the Report on the Budget 2023)

The report recommends on page 58, Recommendation 117, to:

“117. Prioritize the enactment of prompt payment legislation
that is inclusive of lien reform and adjudication”

You can read the full report on budget 2023 here.