The British Columbia Law Institute Issues Consultation Paper on the Builders Lien Act
Get the Consultation Paper on the Builders Lien Act
BCLI has issued a Consultation Paper on the Builders Lien Act to gather input from stakeholders and the public at large on detailed proposals for changes to the Act. The Builders Lien Act is a major cornerstone of construction law. It gives contractors, material suppliers, and workers several forms of security for payment for work done or materials supplied to a building site, most notably a lien on the owner’s land. The Act also lets building owners limit their exposure to claims by unpaid subcontractors and workers by maintaining a mandatory 10 percent holdback.
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