UK:
Project Bank Accounts In Scotland – 15 Key Questions
17 October 2016
MacRoberts
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In September 2016, the Scottish Government published several
documents relating to the use of Project Bank Accounts (PBAs).
These documents include:
- "Implementing Project Bank
Accounts in Construction Contracts" (23 September 2016)
(referred to in this note as "the Guidance")
- "Scottish Government Template
Trust Deed" (referred to in this note as "the Trust
Agreement")
- "Selection Stage Notices and
Contractual Enabling Clauses" (referred to in this note as
"the Enabling Clauses")
Click here to download our note where we consider some key
questions arising from this initiative.
©
MacRoberts 2016
Disclaimer
The material contained in this article is of the nature of
general comment only and does not give advice on any particular
matter. Recipients should not act on the basis of the information
in this e-update without taking appropriate professional advice
upon their own particular circumstances.
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