Amending Bill 37: Alberta’s prompt payment regime
On October 21, 2020, the Government of Alberta introduced Bill 37 titled the Builders’ Lien (Prompt Payment) Amendment Act, 2020 (Bill 37). As noted in our previous post, Bill 37 focuses on major reforms to the Builders’ Lien Act (Alberta) (the Act) which include the introduction of prompt payment requirements; a new dispute resolution mechanism known as adjudication; an extension of lien registration periods; and renaming the Act as the Prompt Payment and Construction Lien Act.
While Bill 37 passed second reading on October 28, 2020, the prompt payment requirements were recently and significantly amended in the Alberta Legislature on November 4, 2020 (collectively, Amended Bill 37).
For more information on these amendments, please read our Update entitled "Amending Bill 37: Alberta’s prompt payment regime."