What to Expect When Saskatchewan’s Prompt Payment and Construction Lien Act Takes Effect
Proposed amendments to Saskatchewan’s Builders’ Lien Act will take effect on March 1, 2022, initiating new legislation for Prompt Payment. The new legislation prescribes timelines and mandatory rules for payments in almost all construction industry sectors to ensure contractors and subcontractors are paid promptly. The legislation also includes a new dispute resolution process, adjudication, to address disputes arising under the legislation.
This comprehensive webinar provides an overview of the effects these proposed changes may have on your construction projects.
This webinar was originally broadcast on Tuesday, January 18, 2022.
ON THE AGENDA
- What is Prompt Payment?
- New requirements for invoicing and payment frequency
- Preparing your contracts for Prompt Payment
- What is Adjudication?
- New fast-track dispute resolution mechanism
- Preparing your organization to manage adjudications