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Construction Credit Solutions

Greater Lien Rights - 45 days is extended to 60 days for contractors, subcontractors & material suppliers to register a lien


Construction liens under $25,000 will now be referred to Small Claims Court


New Trust Fund Rules you need to know about


New Bonding Requirements for Public Sector Projects


10% Holdbacks - security in the form of a holdback bond or letter of credit could be offered in lieu of cash holdbacks


Financial threshold amounts will increase from $500,000 to $1,000,000 for Substantial Performance and Completion

Prompt Payment comes into force on October 1, 2019. 

Adjudication Process comes into force on October 1, 2019, the day subsection 62 (2) of the Construction Lien Amendment Act, 2017 comes into force.

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inquiries please contact us at creditservices@credifacts.com

July 1st deadline to preserve a lien will be extended from 45 to 60 days.  The deadline to perfect a lien will also be extended from 45 to 90 days.

.CREDIT DOMAIN NAMES FOR SALE

Inquiries please contact us at

creditservices@credifacts.com

Any information made available on this website in any form is NOT LEGAL ADVICE it is for informational purposes only. The information is not and should not be taken as legal advice. You should not rely on, or take or fail to take any form of action based on this website information.  Should you require legal advice Credifacts recommends you seek the services of legal counsel accordingly.

ADJUDICATOR DOMAIN NAMES FOR SALE

Inquiries please contact us at creditservices@credifacts.com

Adjudication - Binding Dispute Resolution -