Prompt Payment Update
August 22, 2024
Government officials are hopeful the Manitoba Construction Industry will enjoy the benefits of a Prompt Payment Regime as early as the 2nd quarter of 2025. To bring The Builders' Liens Amendment Act (Prompt Payment) into force the minister must first designate a person or entity as the authority to adjudicate disputes (the adjudication authority) in November/December 2024 (regulation #1). This will enable a second regulation to be developed to fully implement the prompt payment scheme, including forms, by April 1, 2025.
Ramona Coey, MCAM and ECAM Executive Director, and MCAM Board Member, Brad Mason (ServcoCanada) will serve on the Manitoba Builders' Liens Modernization Advisory Council. The first task of the council is to provide advice to the Minister relating to the Prompt Payment Regulation. MCAM has an extensive history advocating for a Manitoba Prompt Payment Regime, extending back to 2012.
Please review the draft regulations and provide feedback here.
View More