Former employee claims $1.2 million from Vancouver developer
Business Intelligence for B.C.
AI Article Summary
A former employee of Westbank, a Vancouver developer, has filed a lawsuit seeking $1.2 million. The lawsuit claims that the company promised a retention payment that was not fulfilled. This legal dispute highlights possible issues in compensation agreements within the construction industry.
What This Means for Canadian Contractors
This case shows how important it is for Canadian constructors to clearly define compensation agreements to avoid legal disputes. For Canadian builders, this means ensuring that retention agreements and other incentives are clearly documented and transparently managed to mitigate risks. Such legal disputes can also impact project timelines and overall costs, potentially delaying new developments.
