Saskatchewan Proposes New Prompt Payment Legislation
The Saskatchewan Construction Association has had success in advocating with the Saskatchewan Government for the introduction of changes to the Builder’s Lien Act that will improve protections for contractors in their province. Under the proposed legislation, owners and developers will be required to provide payment within 28 days of receiving a proper invoice for construction services. Contractors will be required to provide payment to subcontractors within seven days of receiving a payment from the owner or developer.
This is a significant win for the industry in Saskatchewan and even further confirmation that BC needs to get on board with the rest of Canada.