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CONSTRUCTION FIRMS APPLAUD STATEMENT ON MONKLANDS HOSPITAL PAYMENTS

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The Specialist Engineering Contractors’ (SEC) Group Scotland has applauded the announcement from the Scottish Government that the first payments have been made to the supply chain from the project bank account (PBA) set up for the Framework Scotland 2 contract at Monklands Hospital.

“We have worked very closely with the Scottish Government in developing PBAs in the construction industry,” said Eddie Myles, chairman of SEC Group Scotland, which represents the largest sector (by value) of Scottish construction.

“As well as providing payment security to small and medium-sized companies, PBAs encourage greater collaboration in project delivery which, in turn, reduces building costs for the taxpayer in Scotland.”

Mr Myles went on to pay tribute to Scottish Procurement “for all its hard work
on the PBA pilots”.

“As we emerge from a long and tough recession, it is vital that small firms have assured cash flow if they are to contribute to the Scottish economy through expansion and investment in skills and technology,” he insisted.

SEC Group hopes that PBAs will eventually be adopted on all construction works in the public sector. 

ends

Issued on behalf of the Building & Engineering Services Association (B&ES) by Next Step Marketing Ltd

Media enquiries to:  Heather Lambert.  Tel:  44(0)1256 472020;

Fax:  44(0)1256 471010; E-mail:  heather@nextstepmarketing.co.uk

Notes for Editors:

Membership of SEC Group Scotland comprises: the British Constructional Steelwork Association (BCSA); the Building & Engineering Services Association (B&ES); the Lift and Escalator Industry Association (LEIA);
the Scottish and Northern Ireland Plumbing Employers’ Federation
(SNIPEF); and SELECT, representing electrical contractors in Scotland.

Project bank accounts are ring-fenced accounts that enable payments
(once authorised by a public authority) to be made directly to firms in
the supply chain.

The Scottish Government is piloting project bank accounts on a total of
five construction projects in the health, education and transport sectors
with a range of public sector partners.

For further details, contact Bob Dyer on 07860 794734 (bob.dyer@b-es.org) or Professor Rudi Klein on 07767 412903 (rudi.klein@secgroup.org.uk).

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Scottish Government Building and Engineering Services Association SEC Group Scotland Eddie Myles

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We have worked very closely with the Scottish Government in developing PBAs in the construction industry. As well as providing payment security to small and medium-sized companies, PBAs encourage greater collaboration in project delivery which, in turn, reduces building costs for the taxpayer in Scotland.
Eddie Myles, Chairman of SEC Group Scotland