Prompt Payment BC advocates for provincial legislation
Nationwide, $46 billion in construction invoices remained unpaid beyond a 30-day period, an amount representing approximately 16 per cent of the estimated $285 billion in annual construction activity in Canada. Worse yet, between 2007 and 2012, the average duration of receivables increased by more than 13 per cent, rising from 62.8 days to 71.1 [...]