On July 1, 2018, the first round of amendments to the Ontario Construction Lien Act – including its new name, the Construction Act – will come into force.
Importantly, this first set of amendments does not include the two most substantial and perhaps, controversial, changes to the Act: (1) the introduction of a prompt payment scheme, and (2) the creation of a mandatory adjudication system for certain disputes. These changes, among others, will not come into force until October 1, 2019.
This post is meant to refresh readers on the amendments coming into force next month on July 1st. Separate posts will follow that will provide practical advice for owners, general contractors, and subcontractors on how to prepare for the new prompt payment and mandatory adjudication regimes before they come into force next year.
Read more at mccarthy.ca