JCT Project Bank Account documentation – what’s changed in 2022?
Practical Law Construction
JUNE 8, 2022
In 1999, the first project bank account (PBA) was used on a Ministry of Defence project. The same parties enter into it (employer, contractor, subcontractors, not the bank). For example, certain important terms that previously lacked a definition (for example, “bank account”) have been defined.
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