White Paper – Recent Review of Ontario Construction Lien Act
Whitepaper: Highlights of the Recent Review of Ontario’s Construction Lien Act
Ontario’s Construction Lien Act (“Act”) has been under review since February 2015, and the experts leading the review (“Committee”) released (August 2016) their recommendations for improving the Act in the publication Striking the Balance: Expert Review of Ontario’s Construction Lien Act.
The Committee reviewed the Act for lienability, preservation & perfection of liens, holdbacks, legal procedure, construction trusts, prompt payment, adjudication, surety bonds etc. This paper will provide a high-level overview of the Committee’s review and recommendations for the preservation & perfection of liens, surety bonds and prompt payment and will also include information regarding the Act’s current provisions.