For that reason, it must be kept under continuous review. A number of provisions of the former legislation had ceased to operate satisfactorily and it was necessary to find ways of modernizing the Builders Lien Act . The 1997 Act is the final stage of a process of law reform that started over 25 years earlier and included work carried out by the British Columbia Law Reform Commission and a Select Committee of the Provincial Legislature . It was preceded by two Bills introduced into the Legislature for exposure purposes and reflects extensive consultation carried out with the construction industry. Rights under the Builders Lien Act do not guarantee participants in the construction industry full recovery of the amounts owed to them.
Recovery is frequently just a fraction of the amount actually owing.
Rights under the Act are no substitute for careful credit granting practices. Go ahead to Chapter 2 or return to the Table of Contents .