Administrators chase project bank account funds to pay fees

Money held in trust to protect subcontractors on four Ministry of Justice (MoJ) projects could be used to pay administrators’ fees, it has emerged. Administrators for collapsed modular specialist ESS Modular have applied to a court to recoup some or all of the £154,000 they… The post Administrators chase project bank account funds to pay fees appeared first on Construction News.

Athens, Ohio, Claws Back Half of $700,000+ Phished Away in Cyber Fraud

City has been able to recover $405,000 lost in a spoofing and phishing cyber attack that targeted it in 2024 via a frozen bank account connected to hackers caught by the FBI in Delaware and an insurance payment. 

The Essential Benefits of Contractors Liability Insurance for Every Contractor

Hey folks, if you’re in the contracting business like I am, you know that every job site comes with its own set of risks. One wrong move, and you could be facing a lawsuit that drains your bank account faster ... Read more The post The Essential Benefits of Contractors Liability Insurance for Every Contractor appeared first on Contractors Liability.

Modular specialist administrators raise project bank account concerns

Administrators for a modular firm owned by ISG parent Cathexis are seeking guidance from a judge after uncovering issues with a fair payment mechanism set up between the firm and the Ministry of Justice (MoJ). In a report, the administrators for ESS Modular – which… The post Modular specialist administrators raise project bank account concerns appeared first on Construction News.

ISG subcontractors prepare class action against UK government over alleged project bank account failures

Co-ordinator of actions says reform needed to protect payments for work already completed

How to choose a business bank account - Published by Federation of Small Businesses

Whether you’re just starting out on a new business venture or you’re looking to make changes to your existing business banking, choosing the right business bank account is crucial in managing your small business’ finances effectively.