#construction auditing

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Project Bank Accounts – New Project Accounting Contractor's will Hate but Will Protect them from Insolvency!

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.

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[luisgile]

Project Bank Accounts - New Project Accounting Owner's will Hate but Must Not Do Without!

Project Bank Accounts – New Project Accounting Owner’s will Hate but Must Not Do Without!

I recently published an Article on the topic of project bank accounts (PBA). In that article I discussed how PBA’s work and briefly touched on ways that they benefit both parties. I wanted to take a step further and do a pros and cons list for GC’s and for Owners.

For this article, I will focus on the pros and cons for Owners, I’ll post a second article where I will contemplate the perspective of…

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