The Prompt Payment and Construction Lien Act (Bill 37, formerly known as the Builders' Lien Act) came into force in Alberta on August 29, 2022. Among the changes that were introduced, the new prompt payment rules and adjudication will have the most substantive impact on construction projects in Alberta. Under these new rules owners, contractors, and subcontractors will have 28 days to pay a contractor or subcontractor after receipt of a proper invoice. This amended Act will apply to to all private sector and public sector projects not constructed on Government of Alberta or Federal land.

On November 8, Gowling WLG provided a complimentary webinar to AAA members to help them understand more about this new legislation as well as if it currently impacts them. 
 

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We are equally hopeful that the new legislation provides an opportunity for our industry to adapt to a consistent and reliable payment process and avoid unwanted and costly conflict overpayment issues, so that the industry can do what it does best, build for the future of Alberta.