• CTV News: Residential construction contractors not exempt from prompt payment legislation

    REGINA -- According to the Saskatchewan Construction Association, contractors working in residential construction will not be exempt from prompt payment legislation when it comes into effect on April 1, 2021.
    If a contract does not specify anything different, developers can invoice main contractors every month and get payed 28 days after submitting the invoice. Sub-contractors have 35 days to pay. If no payment is made in that time, the legislation allows for a fast moving adjudication process in order to force payment.
    “Now those contractors have a remedy through this legislation to do something about it earlier in the process so that everybody doesn’t end up on the hook for lots of money. So it protects contractors, it protects homeowners and it creates a level playing field across the industry which we have never had before,” Saskatchewan Construction Association President Mark Cooper said.

    Read the full story on CTV News Regina's website.