The New Construction Act
2018 was an important year for the construction industry as the old Construction Lien Act was substantially amended and renamed the Construction Act. As of July 1, 2018, most of the amendments in the Construction Act are now in force and the amendments will apply to any project where:
- The contract or subcontract for the improvement was entered into after July 1, 2018;
- The procurement process for the improvement was commenced by the owner after July 1, 2018; or
- The premises are subject to a leasehold interest and the lease was first entered into after July 1, 2018.
Projects that do not meet the above-mentioned criteria shall still be administered under the old Construction Lien Act.
The following charts outline some of the key amendments that came into force on July 1, 2018 and also highlight the amendments that will come into force on October 1, 2019.
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OSPE Affinity partner, Corestone Law contributed to this blog post. Click here to read more posts from our partners.