01/08/2018

Construction Lien Amendment Act has passed unanimously

Source: www.newswire.ca

 

TORONTO, Dec. 5, 2017 /CNW/ - Today, Bill 142, the Construction Lien Amendment Act, was passed with a unanimous vote at Queen's Park, and marks a pivotal moment wherein the rights and securities of Ontario's workers will now be held to a much higher standard.

 

Bill 142 was first introduced this past spring and was worked on tirelessly over the remainder of the year, always remaining a priority on the legislative agenda. Having attained royal assent before the house adjourns for the season now promises a new year where the 400,000+ workers of Ontario's construction sector will begin to see the effects of a prompt payment system that looks out for their livelihood's. The bill will also bring added adjudication measures that will significantly reduce payment delays, which have been identified as the biggest barrier to investment, improved productivity, and increased employment in the construction industry.

 

Read more...http://www.newswire.ca/news-releases/construction-lien-amendment-act-has-passed-unanimously-prompt-payment-ontario-commends-support-for-a-stronger-ontario-662091943.html