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This 3-hour seminar will provide an overview of the key features/changes of the following categories of rights and obligations that are now and will be under the Construction Act:
The Construction Lien Act was originally enacted in 1983 providing some measure of protection for companies and individuals supplying labour and materials to construction sites.
The Ontario government brought in transformational changes in December 2017 with Bill 142, the Construction Lien Act Amendment Act, 2017 (Ontario). The most significant changes included the introduction of prompt payment provisions and dispute adjudication which were proclaimed on October 1, 2019.
This 3-hour seminar will provide an overview of the key features/changes of the following categories of rights and obligations that are now and will be under the new Construction Act:
Lien Rights - Holdback:
Trust Obligations:
Prompt Payment:
Ontario's prompt payment provisions came into force on October 1, 2019. The key elements of the new legislation will be outlined including:
Adjudication:
Ontario's adjudication provisions will apply to contract and subcontracts entered into after October 1, 2019. The key elements of the new legislation will be outlined including: