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Will a change to project bank accounts ease the difficulties felt by many in the construction industry?

February 2019
James Vernon

A proposed bill on the use of project bank accounts (PBA) on government and public authority contracts indicates a further step being taken to legislate to ease the payment pressures in the construction industry and in particular the risk on SMEs.

In this note, James Vernon explains how this proposed bill will work and how it impact on the construction industry.

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