Crucial Deadlines, Definitions, and Processes: Practical and Legal Lien and Holdback Considerations for Contractors and Subcontractors

February 22, 2024 3:15pm

Faren Bogach
Founder
Construct Legal

Megan Sanford
Legal Counsel
CML Construction Services Limited

When payment is not forthcoming, contractors and subcontractors need to consider the enforcement mechanisms available to them: this includes construction liens. However, failure to comply with strict lien deadlines and processes may render your lien unenforceable. Topics of discussion will include:

  • Exploring the legal and financial risks of miscalculation of lien deadlines in complex projects
    • Evaluating the practical challenges in determining when the contract was substantially performed and its effect on lien periods
  • Mapping out the interactions between construction lien remedies and adjudication remedies
    • Understanding the interplay between both remedies
    • Reconciling ambiguities by taking the appropriate positions to preserve your rights
  • Learning the factors that permit the release of holdback at different times throughout the course of the construction project
    • Examining the ethos of ‘pain share, gain share’ in construction, in relation to the impact of holdbacks on achieving cash-positive or cash-neutral arrangements for contractors and subcontractors