We're banking on the project
Language: English Series: Construction News ; (6970) 8 June 2006, 24(1)Publication details: 2006Subject(s): Summary: Considers the merits of project bank accounts, which eliminate inefficiencies in the current payment systems within the construction industry, and provide greater certainty of payment to contractors, consultants and suppliers further down the supply chain. Because the money in these accounts is held in trust, it cannot be claimed by a liquidator if one of the parties becomes insolvent. The accounts also help to generate trust between the parties, thereby contributing to genuine team working and partnering.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L133781 (Browse shelf(Opens below)) | 1 | Available | 133781-1001 |
Considers the merits of project bank accounts, which eliminate inefficiencies in the current payment systems within the construction industry, and provide greater certainty of payment to contractors, consultants and suppliers further down the supply chain. Because the money in these accounts is held in trust, it cannot be claimed by a liquidator if one of the parties becomes insolvent. The accounts also help to generate trust between the parties, thereby contributing to genuine team working and partnering.