WebNov 8, 2016 · The Scottish Government has recently published new documents for using project bank accounts. What do you need to know? In September 2016 the Scottish … WebA PBA is a tool designed to implement fair payment practices on a project. It protects payment money against upstream insolvency risks and enables project money to flow …
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Use of project bank accounts set to rise on UK projects
WebMay 17, 2024 · Read more about The Public Sector Supply Chains (Project Bank Accounts) Bill 2024-2024 and how Scotland has extended the reach of PBAs on Scottish public contracts below. How PBAs operate in the UK A PBA is a tool designed to implement fair payment practices on a project. WebAug 6, 2015 · Aug 6, 2015 News. The Review of Scottish Public Sector Procurement in Construction noted that late payment of subcontractors by main contractors was a particularly corrosive behaviour, and recommended that Scottish Government should trial Project Bank Accounts (PBAs). A PBA allows sub-contractors to receive money which is … WebMay 3, 2024 · Read more about The Public Sector Supply Chains (Project Bank Accounts) Bill 2024-2024 and how Scotland has extended the reach of PBAs on Scottish public … inclusive gender options