Government vetoes project bank account proposal
Construction Enquirer
JUNE 16, 2023
The Government has blocked an attempt to amend the planned Procurement Bill to include mandatory project bank accounts for all jobs valued at over £2m. Debbie Abrahams, Labour MP for Oldham East and Saddleworth, had tabled a new clause to the Procurement Bill that aimed to enforce the use of PBAs to protect subcontractors’ payments in construction contracts.
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