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Praise for Scottish Government as it lowers PBA threshold

Mar 2019 General | Comments Off on Praise for Scottish Government as it lowers PBA threshold

The Scottish Government has announced that the threshold for using project bank accounts (PBAs) has reduced to £2m (from £4.1m). Since 31 October 2016, PBAs have been mandated for use by Scottish Government bodies.

From 19 March 2019, public bodies must include a PBA in tender documents for public works contracts with an estimated value or more than or equal to £2m (£5m for civil engineering projects).

SELECT acting MD Alan Wilson said: “SELECT and SEC Group Scotland have been pressing Scottish Government for some time to reduce the threshold to £2m. Clearly Scottish Government has been listening and industry SMEs will be the prime beneficiaries.”

Scottish public bodies responsible for a total of £1bn of projects have either used a PBA(s), included a PBA in their ITTs, or indicated their intent to use a PBA.

The Scottish Government is also stepping up its efforts to encourage all bodies involved in public sector procurement to implement PBAs.