Red Tape Reduction Implementation Act passed its first reading in the Legislative Assembly of Alberta. If Bill 62 receives royal assent, it will further amend the Amendment Act, which received royal assent on December 9, 2020, and will come into force on proclamation. Many central features of the PPCLA, as discussed in our previous posts, remain largely unchanged. These features include the implementation of a prompt payment regime, changes to lien and holdback deadlines, and the addition of new holdback release mechanisms. However, if Bill 62 receives royal assent, it will make several important, additional changes including: Application: Bill 62 identifies certain circumstances where the