(b) a labour and material bond with a coverage limit of at least 50% of the contract price that extends protection to subcontractors and persons supplying labour and material for the improvement. (Recommendation #84)
As Ontario continues to roll out the provisions of the new Construction Act, including the prompt payment and adjudication regime coming into force in October 2019, it is interesting to see the province of Manitoba follow suit. We look forward to seeing Manitoba’s proposed legislation, given that, as we know from the Ontario experience, the devil is in the detail. As well, with a recommendation to seek out opportunities for extra-provincial agreements, we look forward to the Government of Canada, the Government of Ontario and the Government of Manitoba working together in potentially providing an aligned approach on prompt payment and adjudication.
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