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Legislation was introduced on Tuesday by the government of Saskatchewan to better protect and define the rights and obligations of owners, developers, contractors and subcontractors.

The Builders’ Lien (Prompt Payment) Amendment Act, 2018 will create a payment plan to set up more efficient timeless in providing payment for projects.

It will also establish an interim adjudication process that can be used in addition to arbitration and litigation.

“While The Builder’s Lien Act was meant to balance the needs of contractors and their customers, over time it has become apparent there is some room for improvement,” Justice Minister and Attorney General Don Morgan said.

“This legislation provides a robust set of timelines to ensure payments are made by owners and developers to contractors, and by contractors to subcontractors, in a timely manner.”

If passed, owners and developers would be required to provide payment within 28 days of receiving a proper invoice while contractors would have seven days to pay their subcontractors after receiving payment form the owner or developer.

Keep reading on Global News

 

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