Two-tier PBAs touted to solve payment-related mental health issues

Ringfenced project bank accounts (PBAs) should be extended throughout the construction supply chain to “eliminate” payment-related mental health issues, a white paper has argued. A two-tier PBA system would offer not only financial but also psychological protection to small and medium-sized construction businesses that are… The post Two-tier PBAs touted to solve payment-related mental health issues appeared first on Construction News.

Bam Nuttall trials new digital payment system

Bam Nuttall has signed up to use a new digital payment platform designed as an alternative to Project Bank Accounts (PBAs) – its first use on a public project. The contractor has adopted Digital Parallel Payment Accounts (DiPPAs) on two contracts with the Environment Agency… The post Bam Nuttall trials new digital payment system appeared first on Construction News.

ISG subbies to start class action over failed project bank accounts

Supply chain left unpaid on MoJ prison jobs despite despite promised PBA safeguards

Cabinet Office withdraws project bank account guidance

The Cabinet Office has withdrawn its official guidance on project bank accounts (PBAs), 13 years after it was first published. The guidance is still online, but a prominent note has been added by the department, saying that it is “now out of date” and that… The post Cabinet Office withdraws project bank account guidance appeared first on Construction News.

Specialists call for protection as pay times lengthen

The problem of late payment is worsening but project bank accounts (PBAs) promise a sunnier future for subcontractors, industry insiders have told Construction News. Speaking in the latest edition of the CN First Site podcast, Roni Savage, managing director at geoengineering specialist Jomas Associates, warned:… The post Specialists call for protection as pay times lengthen appeared first on Construction News.

HS2 Project Bank Accounts “not worth paper they are written on” - Grant Prior and Construction Enquirer News

The reality of construction project bank accounts.

Beale & Co - Webinar Late Payment - Is the Construction Act fit for purpose, 10012021

As part of our ongoing series of webinars on construction law, in this webinar we will consider: 1. the 2011 changes to the Construction Act; 2. key recent case law in relation to the Construction Act including adjudication enforcement; 3. whether in practice the Construction Act is fit for purpose; and 4. recent and prospective legislation in relation to late payment.

Building Magazine - Project bank accounts come of age, 23072020

This article highlights the benefits of Project Bank Accounts on public sector projects and raises the question if legislation should be introduced so Project Bank Accounts are used on all construction projects, both in the public and private sectors

Key Features, Pitfalls and the NEC4 Future - A presentation by 4 New Square

The Manchester Construction afternoon 5 July 2017 a presentation by Fiona Sinclair and Peter Morcos

NEC 4 Key Amendments Summary January 2021

A brief summary of 5 key amendments to NEC 4 construction contracts written by Christopher Dickson of CMS and published by Construction News 15th January 2021

Why has the take up for Project Bank Accounts been so slow?

Why has the take up for Project Bank Accounts been so slow?