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Written question asked by Debbie Abrahams (Labour) on Wednesday, 11 May 2022, in the House of Commons. It was due for an answer on Tuesday, 17 May 2022 (named day). It was answered by Andrew Stephenson (Conservative) on Tuesday, 17 May 2022 on behalf of the Department for Transport.


Transport: Project Bank Accounts

Question

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.

Answer

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.


Secondary information

Type
Written question
Reference
763
Session
2022-23
Subjects
Infrastructure Procurement Transport Project bank accounts Supply chains
Link
View this Written question on www.parliament.uk