The CISC is pleased to inform you that Attorney General Yasir Naqvi, on behalf of the Ontario government, introduced Bill 142, the Construction Lien Amendment Act 2017, yesterday at the Ontario Legislature.
If passed, Bill 142 will modernize the lien and holdback process, introduce needed rules to ensure Ontario construction workers get paid, on time, for the work they do, and make the dispute resolution process faster and simpler.
Key measures include:
- Creating new prompt payment rules to give contractors and subcontractors certainty about when to expect payment
- Extending the timelines to file liens and start court actions from 90 days to 150 days, giving contractors and subcontractors time to resolve their disputes outside of court and avoid additional legal fees
- Requiring holdback funds to be paid as soon as the deadline to file liens has passed, so contractors and subcontractors know when to expect full payment
- Creating an adjudication process to speed up dispute resolution and prevent disputes from delaying work on construction projects.
The CISC has been actively advocating for prompt payment legislation on behalf of our members and associates, and is very pleased with this outcome. This represents a big step forward in getting prompt payment legislation passed and implemented in Ontario.
For more details click here: http://www.ontla.on.ca/web/bills/bills_detail.do?locale=en&Intranet=&BillID=4957