Gowling WLG LLP has provided a Prompt Payment and Construction Lien Act – FAQs – Issue No. 3.
These further 50 FAQs (No. 110-160) result from questions asked about the new legislation in more than 30 webinars we presented over the last three months to various sectors of the construction industry including owners, consultants, contractors, trades, suppliers, insurers and financial institutions, so the questions reflect the interests and concerns of a broad cross section of the construction industry.
It is planned to issue one more set of FAQs – before the August 29, 2022 effective date of the legislation – consisting of over 50 additional questions and answers resulting from the webinar series and will make sure that you receive a copy of any further FAQs that we issue before and after the prompt payment legislation comes into effect.