
JCT Updates Project Bank Account Documentation for 2022
JCT has announced the release of Project Bank Account Documentation 2022 (PBA 2022). The Project Bank Account documentation is designed to help parties to a JCT contract who wish to set up a Project Bank Account as part of their fair payment practices. PBA 2022 comprises three parts: JCT Project Bank Account Agreement (PBA). This includes the JCT form of Joining Agreement (PBA/JA). Enabling Provisions for insertion into the Building Contract and Sub-Contracts requiring the relevant parties to enter into the PBA. Guidance Notes. The…