Guide to Project Bank Account - The BESA
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Guide to Project Bank Account

This guide is to help you to understand what a Project Bank Account is (‘PBA’), what significance it has and how it is merged into the framework of the construction industry.

Published: May 2019
Pages: 5
BESA Product Code: LC 13

The Cabinet Office is working together with public sector construction procurers in pioneering a new way of paying supply chain members in construction projects through PBAs, which will see construction SMEs receiving payment in 5 days or less from the due date. PBAs assure security and speed of payment; they ensure that payment is made promptly.

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