On May 31, the government introduced legislation to reform the Construction Lien Act that, if passed, will reform the lien and holdback rules, introduce a prompt payment system, and create a new process to speed up payment dispute issues. The Bill will be reviewed and considered over the summer months and debated in the Legislature in the Fall when they return from summer recess. The Bill addresses the majority of recommendations that came out of Striking the Balance: Expert Review of the Construction Lien Act (Reynolds Report).
For any further questions, please contact Patrick McManus (firstname.lastname@example.org or 905-629-7766 ext. 222).