Okanagan Cold Storage
CompletedBC · Pending1100 Industrial Way · Prime contract signed Jun 24, 2025 · Total value $720,000.00
British Columbia
Pending in forceConstruction Prompt Payment Act (SBC 2025, c. 24)
BC's Construction Prompt Payment Act received Royal Assent 2025-11-27 and is not yet in force (commencement by regulation, s. 59; none deposited). Tiercord computes BC's payment, notice and adjudication clocks from the Act as passed and flags each as pending until proclamation. Holdback and lien figures come from the Builders Lien Act, which is in force.
Holdback release is past due
Overdue- Due
- Sep 16, 2026, 11:59 p.m. PT
- Recorded amount
- $11,800.00
The holdback period elapsed and the funds remain unpaid to you. This is a cash-flow consequence, not a forfeiture, your right to the holdback is unaffected. Chase the upstream payer; if non-payment persists, refer the holdback amount to adjudication or register a lien within the statutory filing window.
Holdback release eligible
After the holdback period (55 days from substantial completion / certification), holdback amounts become eligible for release.
If you miss it
Funds remain held; cash flow impact only; no rights are lost.
- Responsibility
- They owe you
- Started
- Jul 23, 2026, 12:00 a.m. PT
- Window
- 55-day window
- Statutory reference
- BC Builders Lien Act Section 8
(1)- (2)
- Okanagan Cold Holdings$720,000.00Owner · 10% holdback · stat decMoney owed to you
- Aurora Concrete Forming$365,000.00Sub · 10% holdbackMoney you owe