The Construction Prompt Payment Act received Royal Assent on November 27, 2025. The Act establishes a prompt payment framework and introduces an interim adjudication process for construction projects. It also amends the Builders Lien Act, including abolishing Shimco liens, which previously allowed a lien to be claimed against the statutory holdback without filing a lien against the land. The Act will come into effect on a date to be set through regulation.
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