Alberta Avoids a Deficit in 2014-15 While Financial Challenges Loom on the Horizon

In the third quarter update, the total non-renewable resource revenue forecast is down $503 million from budget, mainly due to plummeting oil prices. Bitumen royalties have taken the biggest hit, and are expected to drop $644 million from budget to year end, with other revenue streams showing slight increases.

“We have taken steps to protect our financial position that will help keep us in the black this year. Contract settlements made by previous administrations and significantly lower resource revenues have created a very challenging fiscal outlook for Alberta. This requires a reset of our fiscal foundation to address a $7 billion revenue gap.” Jim Prentice, Premier

World oil prices, which have fallen more than 50 per cent since June 2014, are drastically impacting government revenue and dampening the pace of Alberta’s economic growth.

For more information please click on the Government of Alberta media release.

2015 Alberta Construction Trade Definitions Now Available

ACA is pleased to announce publication of the 2015 Alberta Construction Trade Definitions.  ACA, its member local construction associations and the 3000 plus member firms endorse adoption of the 2015 ACA Trade Definitions as a best practice. We encourage all tender authorities and their design consultants, specification writers, and contractors and suppliers to cite and utilize the 2015 ACA Trade Definitions for their projects.  We further encourage you to destroy previous versions including ACTS Trade Definitions.

Trade Definitions provide clarity to all construction project stakeholders as to the allocation of work to be bid and performed.  This clarity in turn reduces confusion, error, disputes, and litigation.

The 2015 Trade Definitions represent a comprehensive update to reflect current technology and business practice, and are the consensus result of input from many industry volunteers. They are not a tendering system.

The Trade Definitions are a living document and will continue to be periodically improved and updated.  Stakeholders will be advised as updates are published.

You can obtain a copy of the 2015 Alberta Construction Trade Definitions by downloading a complimentary copy from www.albertaconstruction.net or from the website of your local construction association.

Changes to WHIMIS Transition: Provincial Alignment

Last week our newsletter offered an update on the implementation of the Globally Harmonized System of Classifying and Labelling of Chemicals (or WHMIS 2015).  Health Canada brought the changes to WHMIS into effect on February 11, 2015 and the Government of Alberta has developed two bulletins to assist with the transition.

The first, which we sent out last week, talks generally about the changes to the WHMIS legislation: http://work.alberta.ca/documents/OHS-Bulletin-CH009.pdf

The second, which is new, talks about transition and compliance during the time before the provincial occupational health and safety legislation can be updated to align with the new federal legislation: http://work.alberta.ca/documents/OHS-Bulletin-CH010.pdf