Canada’s construction economics are calling attention to the federal government’s oversights, highlighting the urgent demand for reforms aimed at tackling the housing affordability crisis.
The Canadian Institute of Quantity Surveyors (CIQS), representing Professional Quantity Surveyors (PQS) and Construction Estimators Certified (CEC), highlights the federal government’s shortcomings in ensuring that Canada’s future infrastructure aligns with contemporary, cost-effective, and environmentally friendly standards. Construction economists believe that these deficiencies result from the government’s limited engagement with industry professionals experienced in assessing the effectiveness and sustainability of upcoming construction projects.
This sentiment is reinforced by the government’s delay in implementing the Federal Prompt Payment for Construction Work Act, which received approval in 2019. This legislation, crafted to guarantee timely payments to contractors and subcontractors, plays a vital role in maintaining financial stability and fostering trust within the construction ecosystem.
“While the federal government has pledged over $20 billion towards Green infrastructure initiatives, they must also guarantee the cost-effectiveness of these projects and a net-zero focus for future Canadian infrastructure. The expertise of construction economists is pivotal in bridging this developmental gap,” said Sheila Lennon, CAE and CEO of CIQS.
By involving PQS and CECs, construction economists in Canada can assist the government in incorporating advanced analysis, risk evaluation, and cost projection into the federal planning and acquisition proesses.
“Our role is crucial in optimizing developers’ time, funds, and resources,” said Tammy Stockley, PQS(F) and CIQS vice chair. “Investments should assure costs and deliver maximum value to taxpayers. Now, as the focus shifts to major public infrastructure projects, Canadians deserve to see their tax money’s worth. We stand ready to bolster climate resilience, emissions reduction, economic greening, and the creation of quality middle-class employment opportunities.”
Canada’s construction industry stands as the cornerstone of the nation’s economy, contributing to over 7 per cent of the GDP. This industry offers more than 1.5 million Canadians and their families employment opportunities, with one in every 13 Canadian workers drawing their livelihood from it.
