Alberta: Alberta Publishes Regulations to the Prompt Payment and Construction Lien Act Will Come into Force on August 29, 2022 |
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Bill 37 received royal assent on December 9, 2020 and will come into force on August 29, 2022. Bill 37: The Builders’ Lien (Prompt Payment) Amendment Act, 2020 introduces timelines and rules for payments and liens in all construction industry sectors, ensuring contractors and subcontractors are paid on time. These changes will set a clear timeline of 28 calendar days for general contractors to receive payments, and seven calendar days after payment is received for contractors to pay subcontractors, giving construction industry professionals the confidence they need to operate successfully.
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