#construction payment

Managing payments in construction can be challenging, especially when dealing with off-site construction techniques like modular construction. Recently, I came across an insightful article on Lexology suggesting that developers or owners might need to pay for prefabricated modules before their delivery to the job site. While I certainly understand why this may be necessary, I believe it’s crucial…

Project Bank Accounts – New Project Accounting Contract's will Hate but Will Protect them from Insolvency! Using PBA's will require significant adjustments and all parties will need to rethink how they operate.

In Last week’s article I continued the discussion about project bank accounts (PBA) by exploring the pros and cons of PBA’s for owners.  Today I want to flip the table and take a look at this from the General Contractor’s perspective.

For this discussion the rules of how the PBA may be used remains the same. Please flip back to last week’s article to review the regulations I’ve proposed for PBA’s.