Legislative proposals to implement Project Bank Accounts in public sector supply chains

Debbie Abrahams, Labour MP for Oldham East and Saddleworth, has introduced a Private Member’s Bill into Parliament championing the use of project bank accounts (PBAs). The Public Sector Supply Chains (Project Bank Accounts) Bill 2017–2019 (the Bill) will require clients to pay money due under the project contract into a trust account. Such money is then available to make timely payments to the contractor and sub-contractors and is protected in the event of insolvency further up the supply chain.