INDUSTRY Important Deadlines: Prompt Payment in the Construction Lien Act Dispute No dispute Day 1 Contractor provides proper Invoice to Owner Contractor provides proper Invoice to Owner Day 14 Owner delivers Notice of Non-Payment Day 21 Deadline for Contractor to deliver Notice of NonPayment to subcontractor Day 28 Owner pays invoice in full to Contractor Subcontractor delivers a Notice to subcontractor (sub-subcontractor) Day 35 Contractor pays invoice in full to subcontractor (within 7 days) Sub-subcontractor delivers a Notice to subcontractor (sub-sub-subcontractor) Day 42 Subcontractor pays invoice in full to subcontractor (sub-subcontractor) Day 49 Sub-subcontractor pays invoice in full to subcontractor (sub-subsubcontractor) Adjudication Process Undertaking to Adjudicate received by contractor Deadline for Owner to refer to Adjudicator Deadline for contractor and subtrades to refer to Adjudication Owner provides payment within 10 days of adjudication decision Contractor and subcontractors pay subtrades within 7 days Note: Deadline for preserving liens - 60 days Deadline for perfecting liens - 90 days Substantial performance financial threshold $1,000,000 1 © Prepared by Corestone Law. For more information regarding your legal matter email info@corestone.ca Fall 2020 THE VOICE 35