Multiple contractors working for Nova Scotia Power have faced payment delays, some being owed substantial amounts, according to CBC sources. Marid Industries, led by CEO Tim Houtsma, is among those awaiting payment, with outstanding bills ranging from $60,000 to $70,000. Houtsma expressed understanding but emphasized the importance of timely payments, pointing out the impact on smaller companies facing larger debts.

The utility disclosed a cybersecurity incident affecting payments to its contractors following a breach discovered in April. Nova Scotia Power’s senior communications adviser, Jacqueline Foster, acknowledged the delays and reassured that efforts are underway to settle outstanding invoices promptly. The company’s IT and finance teams are working diligently to restore operations and aim to clear all invoices by year-end.

Prompt payment legislation, proposed in Nova Scotia in 2019 but still pending, could potentially address payment delays in the construction industry. Duncan Williams, president of the Construction Association of Nova Scotia, highlighted the significance of timely payments to prevent business disruptions, emphasizing the need for prompt payment regulations to protect contractors and suppliers.

Williams underlined the prevalence of extended payment terms in the industry and the financial strain it imposes on businesses. The proposed legislation aims to align payment practices in Nova Scotia with those in other provinces to safeguard contractors from financial instability. Williams expressed hope for the legislation’s passage in the upcoming legislative session to ensure fair treatment for all parties involved in construction contracts.