In September 2016, the Scottish Government published several documents relating to the use of Project Bank Accounts (PBAs).
These documents include:
- "Implementing Project Bank Accounts in Construction Contracts" (23 September 2016) (referred to in this note as "the Guidance")
- "Scottish Government Template Trust Deed" (referred to in this note as "the Trust Agreement")
- "Selection Stage Notices and Contractual Enabling Clauses" (referred to in this note as "the Enabling Clauses")
Click here to download our note where we consider some key questions arising from this initiative.
Disclaimer
The material contained in this article is of the nature of general comment only and does not give advice on any particular matter. Recipients should not act on the basis of the information in this e-update without taking appropriate professional advice upon their own particular circumstances.