Cash is king – especially in the construction sector. So if there is a plan to make sure suppliers and contractors are paid promptly by their clients then it is something we all need to hear about and learn about the details
CEW and the Best Practice Clubs in the South West and South East of Wales are running events over the next few weeks highlighting the new Project Bank Account schemes advocated by the Welsh Government.
The use of Project Bank Accounts in construction contracts is a commitment of the Construction Procurement Strategy endorsed by Welsh Government in July 2013. This supports the Wales Procurement Policy Statement issued in December 2012 which requires public bodies to adopt best practice approaches to payment through the supply chain.
The Welsh Government is committed to ensuring that sub-contractors involved in the delivery of public sector contracts in Wales are treated fairly and with respect.
Over the past 12 months, three Local Authorities in Wales have identified projects to pilot PBA’s. This event and others, looks in depth at the ongoing trial with Swansea City Council. This is an opportunity to hear, first hand, what is involved in setting up a PBA and how it actually works in practice.
Make a note and save the date
South West Wales & South East Wales Best Practice Club – Project Bank Accounts
Date: Tuesday 3rd March 2015
Location: Bridgend (venue confirmed on registration)
Time: 8.30am – 12.30pm (finish with lunch)
Cost: £55 plus VAT non club members – free for club members
How to Book: To reserve your place please email CEWales Events stating your full contact details and the names of all delegates wishing to attend. Substitution of delegates can be made at any time.
If the cost prevents you from attending please contact susan.selkirk@cewales.org.uk
To become a Best Practice Club member visit our Club Page for details.
