What You Need to Know

BILD Alberta recommends familiarizing your organization with the implementation of Prompt Payment: 

• Understand the definition of a proper invoice and what the invoice must include.
• Review payment timelines and your statutory obligation after a proper invoice is submitted.
• Assess current contracts with your legal professional to identify any required changes.
• Parties should consider how Prompt Payment may impact project financing.
• Learn about the adjudication process and prescribed timelines

The ADR Institute of Alberta is a Nominating Authority that will educate and train adjudicators for potential disputes.

As part of BILD Alberta’s member service, we have developed various resources, including a detailed guide regarding Prompt Payment and two webinars with legal experts.

If you would like to access these materials or learn more, please contact Saheb Dullet.