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Inside Internal Controls

News and discussion on implementing risk management

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Builders Lien Act

Ten common Builders Lien Act misconceptions

An important object of the Builders Lien Act, S.B.C. 1997, c. 45 is to assist those who contribute their work and materials to a construction project in being paid. However, the use of builders liens and other remedies afforded by the BLA is commonly misunderstood.

 

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Prompt payment legislation in British Columbia: Long overdue?

The federal government and several provinces have now each proposed or enacted legislation to create “prompt payment” regimes for construction projects.

 

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Posting security to discharge a builders lien

One of the means available to discharge a lien quickly is to apply to the Court further to s. 24 of the Builders Lien Act. Through this section any land owner and any party liable on contract or subcontract in connection with the improvement giving rise to the lien can apply to post money into court that will stand as security for the lien.

 

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