Senator Plett introduces Bill S-224, the Canada Prompt Payment Act
FOR IMMEDIATE RELEASE
Senator Plett introduces
The Canada Prompt Payment Act
Ottawa, ON (April 19, 2016) – TUESDAY – Senator Don Plett
introduced Bill S-224, the Canada Prompt
Payment Act, at second reading in the Senate. The Act will ensure that
contractors and sub-contractors on federal government construction work are
paid in a timely manner.
“As a former trade contractor, I
know that in the construction industry, it is a tolerated practice that there
are no strict timelines for payment, even when all parties are satisfied with
the work completed,” Senator Plett said on Tuesday. “Delay in payment is the
number one reason small and medium sized businesses...
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