Thousands of building contractors of quebec could be wiped off the map for good if the passage of bill 61 continues to be blocked by the opposition, alert the Association de la construction du Québec (ACQ).
“In the context in which the construction has been stopped for 6 weeks because of the pandemic, several small entrepreneurs, particularly in the region, may not survive a long period without any input of money,” lamented the president of the Association de la construction du Québec (ACQ), Jean-François Arbour, by issuing a press release.
Yesterday, the three opposition parties in Quebec have refused to consent to the adoption of the principle of the bill 61, which would expedite the construction of some 200 infrastructure projects because they feel that this bill would allow neither more nor less to circumvent the rules of sound management.
However, for the Association de la construction du Québec (ACQ), it is vital to the survival of many companies because this bill would help the contractors to be paid more quickly thanks to a new payment schedule.
According to the association, the average delays the average payment of 80 days, instead of 30 days normal, deprives the economy of $ 7.2 billion each year, according to a study conducted by Raymond Chabot Grant Thornton (RCGT), in 2015.
According to the Association de la construction du Québec (ACQ), the timing of required payment is essential for maintaining the life of the construction companies. Read More Here to know about earth moving contractors.
“The recovery of the Québec economy depends to a large part of our industry and the entrepreneurs need liquidity to get out heads out of the water “, concluded the president of the ACQ.