This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

https://ccsheretohelp.uk/products-services/buildings/facilities-management/?utm_campaign=fm&utm_medium=display&utm_source=trade&utm_content=premises_fm&utm_term=

Scottish public sector projects receive lower PBA levels

20 February 2019

Thresholds for public sector construction projects using project bank accounts (PBAs) have been reduced by more than half by the Scottish government.

Previously set at £4.1m when the use of PBAs became mandatory for Scottish public sector projects in October 2016, this has now been reduced to £2m.

The action will take effect from 19 March, with public bodies required to include a PBA in tender documents for public works contracts with estimated value of a minimum of £2m, with the level set at £5m for civil engineering projects.

Specialist Engineering Contractors' (SEC) Group national executive officer Alan Wilson stated his organisation had pressed the Scottish government "for some time to reduce the threshold to £2m.

"Clearly Scottish government has been listening and industry SMEs will be the prime beneficiaries of this lowering of the threshold," he said.

SEC Group has also stated that the Scottish government is increasing its efforts in encouraging all public sector procurement bodies to implement PBAs.

The use of PBAs has increased considerably since becoming mandatory and use of the concept has won praise from a number of those involved through making payment quicker and simpler throughout the supply chain.


Print this page | E-mail this page

MOST VIEWED...


Article image Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the rubbish for general collection.Full Story...

Article image YLOTY2018 winner comments on his success on the night

This year's PFM Awards Young Leader of the Year winner, Kristian Trend, gives his reaction winning the award after receiving his trophy on 7 November at The Brewery in London.Full Story...

New company now running Interserve business

Creating Value from Waste Furniture

Impact of noise at work revealed by survey

http://www.fsifm.comhttps://www.pickfords.co.uk/moving-your-businesshttps://registration.n200.com/survey/3c0sqqc8zvh67?actioncode=000045QNDhttps://www.daikinapplied.uk/servicehttp://www.pfmawards.co.uk/categories/