Project Bank Accounts to protect more roads suppliers

National Highways is extending Project Bank Accounts to protect more smaller subcontrators on roads jobs.
All tier 1 contractors and tier 2 subcontractors will become automatic beneficiaries on new contracts.Project Bank Accounts (PBA) were first introduced in 2012 to ensure monies are held in trust in the event of lead contractor insolvency.
National Highways payments are made down to tier 2 level in 18 days on average – well ahead of industry norms.Lloyd Biddell, Head of Cost Intelligenc