Risk & Business Magazine Jones DesLauriers Insurance Magazine Summer 2018 | Page 8

CONSTRUCTION LIEN ACT Changes To The Construction Lien Act Will Benefit Everyone O ntario construction companies and their subcontractors will soon be able to count on being paid on time and not have to go to court to resolve disputes. This is thanks to amendments made to the Construction Lien Act (Act), which received first reading in December 2017 and is expected to take effect by this summer. The Act has created a prompt payment schedule which requires mandatory adjudication in the event of disputes. The law includes nearly all 100 recommendations from a report commissioned by the provincial government in 2015. The act contains four changes: 1. the new prompt payment requirement 2. the require