Chapter 5: The Holdback

5.1 | What is a holdback? Holdbacks generally Commentary: a holdback arises when a person who is obliged to pay money to another does not pay the full amount but retains a portion. That portion, the difference between the amount owing and the amount paid, is a holdback. A holdback […]

Chapter 4: The Lien

4.1 | What is a lien?Liens generally Commentary: a lien is a claim or charge on property for the payment or performance of some debt, obligation or duty. Rights of this kind may be created by express agreement between the parties. They may also arise by operation of the common […]

Chapter 2: The Anatomy of a Construction Project

2.1 | What business practices within the construction industry are relevant to the operation of the Act? The pyramid Commentary: to understand the operation of the Builders Lien Act, it is necessary to understand the legal and economic environment that surrounds a major construction project. Typically, large numbers of persons will […]

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Introducing British Columbia’s New Builders Lien Act The purpose of this pamphlet is to assist participants in British Columbia’s construction industry to better understand the operation of the new Builders Lien Act. It is not intended as legal advice and the Act itself should be consulted in all cases by […]