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OCS supports Prompt Payment Act


October 15, 2013
By Ontario Construction Secretariat

Oct. 15, 2013 – The Ontario Construction Secretariat has expressed its support for MPP Steven Del Duca’s Private Member’s Bill 69
, the Prompt Payment Act. The Bill awaits review by the Ontario
Legislature’s Standing Committee on Regulations and Private Bills. “Contractors
and workers in the unionized ICI construction sector support this
legislation because late payments are a drag on the construction
industry, and the economy as a whole,” said Sean W. Strickland, CEO of
the OCS.

Oct. 15, 2013 – The Ontario Construction Secretariat has expressed its support for MPP Steven Del Duca’s Private Member’s Bill 69 , the Prompt Payment Act. The Bill awaits review by the Ontario Legislature’s Standing Committee on Regulations and Private Bills.
                                                         
“Contractors and workers in the unionized ICI construction sector support this legislation because late payments are a drag on the construction industry, and the economy as a whole,” said Sean W. Strickland, CEO of the OCS.
 
The Prompt Payment Act is intended to address, for all contractors, the issue of timely payment for work that is completed and approved. It would put all players in the Ontario construction industry on a level playing field when it comes to getting paid in a timely manner. The OCT says these changes will reduce risk, allowing for better business decisions and higher levels of investment and employment that will deliver benefits throughout Ontario’s economy.
 
Many member organizations of the Ontario Construction Secretariat have been involved from the outset in discussions to develop the Prompt Payment Act.
 
“Contractors who have upheld their end of the bargain in a construction project should be able to expect timely payment, so they can put people to work on the next project,” adds Strickland. “Late payments in construction aren’t only harmful to our industry and the economy, but they have a very real negative impact on workers and their families, by lowering employment and investment in training.”

The full text of Bill 69 is available on the Ontario Legislative Assembly website .

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Related links
iciconstruction.com
ontla.on.ca


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