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Guide to the Implementation of Project Bank Accounts (PBAs) In Construction for Government Clients
Posted on: 30 May 2012
By: mackene
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Filed under: News
The Project Bank Account (PBA) User Group has developed a guide which provides clients procuring construction work with information on introducing PBAs on projects, which will speed cash flow through the supply chain. The development of the guide follows the Government Construction Board’s decision that Government should move to a position where PBAs are adopted as the default position unless there are compelling reasons to do otherwise. The forthcoming report of the Standards and Lean Supply Chain Task Group recommends that the impacts of PBAs are monitored over time, as the programme is rolled out. This report, due for publication in July, is also expected to make recommendations around the value proposition and health and safety.
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