What is the purpose of a holdback under builders lien legislation?

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What is the purpose of a “holdback” under builders’ lien legislation?

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The Law And Business Administration In Canada

ISBN: 9780133251678

14th Edition

Authors: J.E. Smyth, Dan Soberman, Alex Easson, Shelley McGill

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Question Posted: Mar 18, 2024 02:38 AM

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Explain the significance of a holdback under the builders liens or construction lien statutes.
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What is the purpose of a holdback under builders lien legislation?

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In the context of builders lien legislation a holdback refers to a portion of the contract price that is retained by the owner or payer such as a gene...View the full answer

The Law And Business Administration In Canada

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