In Wales, Late Payments’ Ripple Effects Felt In Construction Sector
PYMNTS
APRIL 29, 2019
million USD) are required to use Project Bank Accounts (PBAs). Under that framework, money is deposited in the accounts, and each firm tied to the project is paid from those accounts — payments are made as work is completed. In one example of current policy, any projects worth more than £2 million (nearly $2.6
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