From 31 October, project bank accounts will be a tender requirement on building projects over £4m and civil engineering projects valued over £10m.

The Scottish Government has been co-ordinating trials for a couple of years and contractors received the first project bank account payment from NHS Lanarkshire on two work packages worth £1.4m at Monklands Hospital several years ago.

The payment was made under the NHS Frameworks Scotland 2 agreement with Graham Construction. Other schemes where the payments were trialled include Transport Scotland’s Inveramsay Bridge project with Balfour Beatty Civil Engineering, and Scottish Borders Council’s Galashiels Transport Hub project.

 

Read More: Construction Enquirer