Chapter 10: Project Bank Accounts
1.1. Project Bank Accounts (PBAs) are ring-fenced accounts from which payments are made directly and simultaneously by a public sector client to members of a construction contract supply chain. Scottish Government bodies must include a PBA in tender documents for public works contracts commencing procurement procedures from 19 March 2019 whose estimated value is at least:
- £2,000,000 for building projects
- £5,000,000 for civil engineering projects
2.1. Detailed technical guidance through which public bodies can implement and operate a PBA in a construction contract is published here. The guidance also enables bodies outside Scottish Government which deliver public contracts to do the same. Construction Policy Note 1/2019 also provides further information and direction on project bank accounts.