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Keep up to dateBy Rudi Klein2019-01-17T06:00:00
Project bank accounts are gaining momentum as objections fall away – it’s time to make them mandatory
Some weeks ago I was extremely gratified to hear a director of a large engineering firm extolling the virtues of project bank accounts (PBAs). His firm had worked on Carillion projects where PBAs had been used and they hadn’t lost any monies in the wake of Carillion’s collapse. A short time ago I was also talking to engineering firms in Northern Ireland (where PBAs have been mandated on £2m-plus government works since 2013) and they were equally enthusiastic about PBAs.
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