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04/27/2018

Posting of Contract Payments


Posting of Contract Payments Will Help Subcontractors Get Timely Payments

The Government of Canada is committed to growing the economy, strengthening the middle class and helping those working hard to join it. Our government understands that too many workers in the construction industry face financial hardship because of payment delays.

Public Services and Procurement Canada (PSPC) today announced that it will publicly disclose payments to prime contractors so that construction subcontractors know when they can expect payment.

The government has a strong record of promptly paying its contractors. This increase in transparency will allow companies and individuals working for those prime contractors to know when they can expect payment and to take action under their respective contracts when payments are late.

As of today, PSPC will begin publishing payment information on its website for all construction contracts of over $100,000.

Link to full news article –

https://www.canada.ca/en/public-services-procurement/news/2017/06/public_services_andprocurementcanadaincreasestransparencyaroundc.html?wbdisable=false

 

Link to ‘Prompt Payment in the Construction Industry’ payment tables

https://www.tpsgc-pwgsc.gc.ca/biens-property/divulgation-disclosure/psdic-ppci-eng.html