The magic bullet
Klein, Rudi
The magic bullet - 2006 - Building 271(8423) 24 March 2006, 53(1) .
Argues for the introduction of project bank accounts to improve the payment process on contracts for the 2012 Olympics and other major projects. Outlines the key factors for consideration when setting up such an account, including the status of the account, the procedure for paying into and out of the account, and whether a side-agreement is required for the project team's contracts. The author believes that project bank accounts will encourage genuine teamworking by ending payment problems.
The magic bullet - 2006 - Building 271(8423) 24 March 2006, 53(1) .
Argues for the introduction of project bank accounts to improve the payment process on contracts for the 2012 Olympics and other major projects. Outlines the key factors for consideration when setting up such an account, including the status of the account, the procedure for paying into and out of the account, and whether a side-agreement is required for the project team's contracts. The author believes that project bank accounts will encourage genuine teamworking by ending payment problems.