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What is statutory holdback?
Statutory holdback is a portion of contract payments (often 10% in Canadian jurisdictions) that must be held back by the payer until the lien period has passed. It protects subcontractors and suppliers and affects when contractors receive full payment.
When is holdback released?
Holdback is typically released after the applicable lien period expires (e.g. 45–90 days after last work or delivery, depending on province) and any lien claims are resolved. The calculator helps you model when that cash is released.
How does holdback affect my cash flow as a contractor?
Holdback delays a portion of your revenue until release. That can create a shortfall in monthly cash flow, especially if you have already paid subs and suppliers. Modeling it helps you plan financing and reserves.
What insurance do I need during construction?
Builder's risk insurance covers the project (materials, structure) during construction. Contractors also need commercial general liability and often other coverages. Boardwalk can quote builder's risk and construction-related policies from top Canadian carriers.
Can the calculator include delay or lien impact?
This calculator focuses on holdback amount, release timing, and monthly cash flow. Delays or lien disputes can extend the time until release; discuss specific scenarios with your broker or lawyer.
