Closeout Guide Webinar
(press play below)
The information contained in this Guide is intended to introduce and assist members of the construction industry with regard to Builders Lien Legislation in force in British Columbia at the time of printing this Guide. It is in no way intended to replace consultation with legal or other expert professionals nor is it offering legal advice. We recommend that in all cases reference be made to an official copy of the Builders Lien Act [SBC 1997] Chapter 45.
Click here for BCCA’s response to the 2019/2020 consultation paper to the Builders Lien Act.
We all know that the closing stages of a project can be the most challenging and relationships can be tested. To help you be more effective in the closing stages of your contracts and project closeouts, BCCA has created a brand-new, comprehensive guide. Developed by a taskforce of industry experts, Guide to the Closeout of Construction Contracts and Projects is a comprehensive and in-depth tool that includes practical best practices and guidance on completing your statutory and contractual milestones.
The purpose of this Guide is to provide general guidance to help facilitate closing stages of a construction contract and closeout of a project, including compliance with the BC Builders Lien Act, release of Holdback funds and the Ready-for-Takeover milestone, which was introduced in CCDC 2-2020.
Critically and uniquely, BCCA is advising industry to complete both its Contractual and Statutory obligations separately, until such time as we have prompt payment laws and lien reform in BC that better align the two. This is because there are different timelines, different certificates to be issued and critically and potentially, different requirements.
The Guide is meant as an educational tool for contractors and subcontractors. It can also be a valuable resource for Owners and Consultants.
Readers are strongly encouraged to review BCCA’s “A Guide to the Builders Lien Act” in conjunction with this Guide.
We offer the following additional links to assist you with any questions pertaining to the Builders Lien Act in British Columbia.
This Guide provides general guidance to help facilitate closing stages of a construction contract and closeout of a project, including compliance with the BC Builders Lien Act, release of Holdback funds and the Ready-for-Takeover milestone. It is an educational tool for contractors and subcontractors and may also be a valuable resource for Owners and Consultants.
This guide is intended to introduce and assist members of the construction industry with regard to Builders Lien Legislation in force in British Columbia.
This guide is intended to introduce and assist members of the construction industry with regard to Builders Lien Legislation in force in British Columbia.
This guide is intended to assist members of the construction industry with the completion of the Lien Certificate of Completion. (with acknowledgment to Jenkins Marzban Logan LLP)
Infrastructure
Be sure to subscribe to our monthly BCCA Briefing to get the latest on important topics like prompt payment and compulsory trades.
© 2024 BC Construction Association. All Rights Reserved.
