Tag Archives | Promt Payment

Prompt Payment BC Meeting

Timely cash flow throughout the construction payment chain is fundamental to a healthy construction industry.

Delay in payments anywhere in the supply chain reduces profit and restricts innovation and investment in plant, machinery and people. It also increases the cost to finance company operations and drives up the cost of construction overall.

The impact of payment delay on small- and medium-sized enterprises can be disproportionately severe, and even a minor delay in payment of one or two invoices can put smaller businesses under severe financial stress.

VRCA and COCTA therefore invite you to a meeting about Moving Forward with Strategies for Prompt Payment in BC.

Date: Tuesday, March 6, 3 to 6 p.m.* Full!

Second session added:
Wednesday, March 7, 3 to 5 p.m.

Time: 3 – 5 p.m.
Location: Training Room
Vancouver Regional Construction Association
3636 East 4th Avenue, Vancouver

*Note: The March 6 meeting was extended to 3 to 6 p.m. to accommodate federal prompt payment representatives who want to address the audience on the national initiative. The March 7 meeting retains the original schedule of 3 to 5 p.m.

RSVP for March 7 Session!

Prompt Payment BC Website

Topics for discussion:

  • The consequences of delayed payment for satisfactorily completed work.
  • The legislative solution: What is prompt payment legislation and why is it needed?
  • Next steps: How do we get prompt payment legislation in BC?
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CCA update

Update on Promt Payment from CCA

Highlights from the CCA Board Meetings Held March 5 – 6 in New Orleans CCA Action on Prompt Payment The outcomes/recommendations emanating from the September 2015 CCA Industry Summit devoted to prompt payment and cash flow were as follows: CCA does have a leadership role to play in Canada with respect to industry payment and […]

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