Prompt Payment bill passes third reading in Ontario
By Patrick Flannery
Ontario’s Bill 142 Construction Lien Ammendment Act has passed third reading in a unanimous vote and will now become law in Ontario. The bill implements most of the recommendations in “Striking the Balance: Expert Review of Ontario’s Construction Lien Act,” a report prepared for the Attorney General’s office last summer. Most notably, a payment period of 35 days for invoices has been enshrined and an arbitration system is to be set up to speed payments without use of the courts.
The Ontario Glass and Metal Association has been very involved with the process, joining the Prompt Payment Ontario lobby group to participate in the initial report that led to the bill’s formulation.