Alberta Government Predicts a Return to Growth

The Alberta government’s 2016-17 Third Quarter Fiscal Update and Economic Statement was released Thursday February 23. They predict Alberta’s economy will return to growth in 2017, following a prolonged downturn due to the oil price shock. While many Alberta families are still facing challenges due to the oil collapse, there continue to be green shoots in the economy:

  • There were 199 rigs drilling in January 2017, the highest level since early 2015
  • Alberta exports reached $8 billion in December 2016, 47 per cent above the low point in April 2016
  • Employment has grown by 18,000 since bottoming out in July 2016

Alberta’s economy is expected to grow by 2.4 per cent in 2017, spurred by higher oil and manufacturing exports, a modest improvement in oil prices, continued public-sector infrastructure investment and continued reconstruction after the Fort McMurray wildfire.

However, the deficit continues to remain on track to reach 10.8 Billion.

For more information please read the government’s release here.

ACA Updates Public Policy on Warranties

ACA periodically updates its Public Policies to reflect current industry practice.  ACA’s Contracts Committee recommended a change to the existing Public Policy on Warranties.  In particular, the question was asked about the existing wording which spoke to the recognized warranty being 12 months after take-over of the project. The question was:

“I understand this, but the industry is changing. Why not offer a longer warranty if that is what the owner\client wants and if we have the opportunity to add it to the extra warranty price of the bid before close and all bidders understand what is required.”

In its meeting of January 27, 2017, the Board agreed to amend the existing Public Policies on Warranties to reflect this change. The new Policy now reads as follows with the addition in red font:

  1. WARRANTIES

The recognized warranty provided by a general contractor in the construction industry is 12 months after take-over of the project.  Any extended warranties should be handed over to the owner at the same time. Warranties for material and labour should not exceed these limits because those providing the warranties have no control over the end use and maintenance of the project by the owner. Any extended warranties required beyond the one year warranty period shall be as specified in the tender documents prior to bidding.

Alberta Infrastructure’s TRC Launches a Newsletter

The Technical Resource Centre (TRC) has launched an email newsletter update service to alert users when new information is available.  The service is available to both internal and external clients.  The changes will be posted no more than once a week.  The subscription link is on the main TRC page here.

The website will streamline a lot of the specifications, guidelines and standards, therefore some content may be moved and/or deleted from the site pages. Any questions please contact Cam Munro at 780-422-7456