Alberta has a new builders’ lien Act coming into force in July of 2022, the Prompt Payment and Construction Lien Act (the “New Act”). The New Act will have significant implications on Alberta’s longstanding construction industry practices. The major changes from the Builders’ Lien Act (the “Old Act”) to the New Act can be summarized as follows: Introduction of a new prompt payment regime. Introduction of new adjudication procedure for payment related claims. Modification of lien registration periods, holdback periods