COVID-19 AND CONSTRUCTION UPDATES (1)

OPCEA Members:

Due to the recent COVID-19 pandemic, the Ontario Government has amended its emergency regulations to exempt the Ontario Construction Act from a suspension on limitations, an action which will free owners to release 10 per cent construction lien holdbacks.

“The suspension will be lifted on April 16, 2020, to give the industry time to prepare for these changes,” attorney general Doug Downey wrote in a memo on Thursday, April 9, 2020. “Once lifted, parties will have the same amount of time to meet a deadline that had been remaining before the suspension began on March 16, 2020.”

Holdbacks to be released: Provincial government amends emergency limitations regulations for construction industry

Special to Ontario Construction News

April 13, 2020

The provincial government has amended its emergency regulations to exempt the Ontario Construction Act from a suspension on limitations, an action which will free owners to release 10 per cent construction lien holdbacks.

“The suspension will be lifted on April 16, 2020, to give the industry time to prepare for these changes,” attorney general Doug Downey wrote in a memo last Thursday, just before the Good Friday holiday weekend. “Once lifted, parties will have the same amount of time to meet a deadline that had been remaining before the suspension began on March 16, 2020.”

2020-05-18T21:59:37+00:00