Pbas

Rudi Klein Representatives from over half of the councils in Scotland attended a seminar in Stirling to hear how project bank accounts (PBAs) can overhaul payment practices in construction procurement.

In September, the Scottish Government published several documents relating to the use of Project Bank Accounts (PBAs). These documents include:

Gavin Paton Burness Paull partner, Gavin Paton, on why the imminent introduction of Project Bank Accounts could provide more certainty and stability.

Paul McLaughlin The Scottish Government’s announcement that Project Bank Accounts (PBAs) are to be used as the preferred method on all public sector construction projects over £4 million has been hailed as a major step towards greater financial stability for the industry.

Engineering contractors have welcomed the announcement that project bank accounts (PBAs) are to be used on building projects over £4 million which are procured by Scottish Government bodies. PBAs are ring-fenced accounts from which payments can be made directly and simultaneously by a client to con

The Specialist Engineering Contractors’ Group (SEC Group) has applauded the Western Australian government for showing the way with tough new measures to deal with improving construction payment performance. From September 30, project bank accounts (PBAs) in Western Australian will become mandatory

Public bodies in Scotland stand accused of withholding £120 million from small construction contractors, according to a new report. Published by the Specialist Engineering Contractors (SEC) Group Scotland, the report said most councils and universities still operate retention clauses in their contr