Transport: Project Bank Accounts

(asked on 11th May 2022) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, what his Department's position is on the use of Project Bank Accounts throughout the supply chain, including for Tier Two and Tier Three contractors, for transport-related construction and infrastructure projects.


Answered by
Andrew Stephenson Portrait
Andrew Stephenson
Minister of State (Department of Health and Social Care)
This question was answered on 17th May 2022

DfT, including its Arm’s Length Bodies, follow the principles of the Construction Playbook which sets out options to mitigate the risk of potential supplier insolvency, one of these options is the use of Project Bank Accounts.

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