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Late payment and retentions are set to remain headaches for the construction sector thanks to the government’s half-hearted efforts to drive change To its
Government departments are failing to regularly use project bank accounts (PBAs) on large construction projects, contrary to their own procurement rules,
Contractors working on National Highways projects will now be automatically enrolled into its project bank accounts. The initiative aims to ensure monies
PBAs were first introduced in 2012 to ensure monies are held in trust in the event of lead contractor insolvency. National Highways payments are made down