Government of Alberta News Releases
Alberta Prompt Payment & Construction Lien Act comes into effect August 29th, 2022
This new legislation will have significant impact on our industry. To help answer any questions you may have, here are some frequently asked questions provided by Gowling WLG.
The Alberta Trade Contractor Council Present: Prompt Payment Seminar Series
10:30 am - 11:30 am each day
3 part series – September 6, 7, & 8th 2022
Sept 6 – The Journey of a Trade Contractor’s Invoice
Sept 7 – A Step by Step Guide to Dispute Adjudication
Sept 8 – The evolution of contracts under prompt payment legislation
These sessions will provide details required to help your business prepare to successfully operate within the rules of prompt payment legislation. Invoicing protocols, forms and notices, the process of adjudicating disputes, and what you need to know before legislation is enacted on August 29th, 2022.
This legislation will dramatically impact the manner in which invoices are rendered and will set mandatory time periods in which payments must be made to all parties involved in the construction chain.
The webinar will include over 100 FAQs relating to prompt payment, builders’ liens and holdbacks, adjudication, consolidation, the transition period and what your organization can do to get prepared. It will also include a segment on lessons learned from other provinces who have prompt payment legislation already in place.
Registration is now open, more detailed descriptions can be access here.