October 28, 2016
RE: Construction Cash Flow Problems – Overblown issue, or serious business challenge?
Dear Member,
The need for prompt payment is increasingly flagged as a key issue facing the construction industry today.
Understanding its scope and impact is challenging because it’s very difficult to accurately and efficiently track payments from owners to prime contractors and on to sub-contractors.
There is urgency to understand this issue better; blocked cash flow adds risk as well as cost and impacts the timely delivery of projects, impacting the overall financial health of the industry.
RCABC is an active part of the Deputy Minister’s Industry Infrastructure Forum (DMIIF), which includes senior representatives from the provincial government and the construction industry. Our collective goal is to work together to understand and create solutions for key sector issues: prompt payment is one of those issues.
We urge you to add your opinion, perspective, and experience to an online discussion:
- Is the timeliness of payment an issue in the BC construction industry?
- If so, how would you fix it?
To be part of an invitation-only online discussion hosted by the Deputy Minister’s Industry Infrastructure Forum, simply follow the link below to self-register. Your responses will be kept confidential and your contact information will only be used for the purposes of this online discussion.
| Join the Conversation |
If you are a member of multiple Associations you may receive this email more than once. Please forgive this duplication of messaging: our aim is to make sure that you receive this message and understand the important role you play in our efforts to measure and understand issues surrounding payment timeliness.
Thank you for your time and consideration.
Sincerely,
Bryan Wallner, CEO, Roofing Contractors Association of British Columbia
Cc: Ross McLean, Co-Chair DMIIF and Regional Manager, Houle Electric
Athana Mentzelopoulos, Co-Chair DMIIF and Deputy Minister of Finance