PROJECT BANK ACCOUNTS FOCUS
By Len Bunton FRICS FCIArb, HON FRIAS
Contract Expert I
’m glad to report that we have some particularly good news about project bank accounts (PBAs) for SELECT Members in this issue. Currently, there are £700 million of construction projects about to be commissioned, or are in
construction, where PBAs are in use. Among these new projects, NHS Scotland’s £320 million Elective Care Centre Programme is writing PBAs into its project requirements, while NHS Capital Works Estate, the new £650 million Framework Scotland 3 procurement model, is doing the same. Transport Scotland has also included a good tranche of proposed investment in the national road network, in the very recently published Infrastructure Investment Plan, which is signifi cant for PBAs. And fi nally, the Scottish Fire and Rescue Service has written PBAs into its respective capital works programme, while the Scottish Prisons Service is running PBAs in live projects too. OK, so that’s the good news – but unfortunately, local government doesn’t seem to be responding in the same way. As always, communication with your local MSP or councillor would be of great assistance to the industry. So what is the implication of this increased PBA activity for SELECT
50 CABLEtalk JUNE/JULY 2021
Building support for PBAs
An increasing number of UK construction projects are now adopting project bank accounts, including several high-profi le ventures in Scotland. But what are the implications and benefi ts for SELECT Members? Our industry experts go head-to-head to explain…
Members? To address some of the ongoing issues, I decided to pick the considerable brains of my fellow industry expert and SELECT consultant Professor Rudi Klein… Len Bunton: Hello Rudi. This latest
news is very encouraging for the industry in Scotland. But is the take-up in the rest of the UK increasing? Rudi Klein: I’m happy to say that the picture is very encouraging across the
UK. In Wales, almost £1 billion of projects currently in the Welsh construction/infrastructure pipeline are earmarked as PBA projects. In Northern Ireland, almost £600 million worth of current public sector projects are using PBAs. For England, the Government is no longer collecting data, but it is estimated that £30 billion worth of project spend to date has been paid through PBAs. Highways England is the
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