Qualified Contractors are paid once Alberta Municipalities receives a complete and accurate Upgrade Completion Form from the participant, along with all required supporting documentation, indicating that the upgrade’s installation has achieved substantial performance.
Alberta Municipalities will remit payment in accordance with the Prompt Payment Act. As such, 90 per cent will be paid to the Qualified Contractor within 28 calendar days of the participant receiving a proper invoice, provided all information is accurate and complete and no lien is placed against the property. The remaining 10 per cent will be held back for 60 days in case a lien is placed against the property.