Canada:
Prompt Payment Legislation To Protect Contractors Takes Effect Today
14 March 2022
McKercher LLP
To print this article, all you need is to be registered or login on Mondaq.com.
The Government of Saskatchewan has
announced that The Builders' Lien
(Prompt Payment) Amendment Act, 2019 comes into force
today, March 1, 2022.
The new legislation, with its intent to protect contractors, is
meant to establish payment timelines for construction projects and
provide a dispute resolution process as an alternative to
court.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Real Estate and Construction from Canada
Developers Beware! The HCRA Can Revoke Your Licence
Robins Appleby LLP
As a result of a number of developers cancelling condo projects in the last few years due to escalating costs of financing and construction, the Home Construction Regulatory Authority (HCRA)...