JCT Project Bank Account Documentation

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About this template

The JCT Project Bank Account Documentation from 2011 provides guidance on setting up and maintaining bank accounts for construction projects.

What to watch out for

  • The JCT Project Bank Account Documentation, 2011 Edition (PBA 2011) is a document that outlines the requirements for setting up and maintaining a project bank account.
  • The document includes information on the types of accounts that can be used, the documentation required, and the procedures for setting up and maintaining the account.
  • The PBA 2011 is intended for use by project managers, financial controllers, and other project personnel.
  • How it works
    get started
    This template is freely and publicly available by joining Genie AI.

    Templates properties

    Publisher

    Genie AI

    Source file

    jct_project_bank_account_documentation_template.docx

    Jurisdiction

    England and Wales

    Cost

    Free to use

    Contract party
    Relevant sectors
    Type of legal document

    🏚️ Project bank account agreement

    Why use a
    🏚️ Project bank account agreement
    ?

    A project bank account agreement is a contract between a construction company and a financial institution that outlines the terms of the construction company's use of the financial institution's project bank account. The agreement covers the construction company's obligations to the financial institution, including the repayment of any funds advanced by the financial institution, and the financial institution's rights and remedies in the event of the construction company's default.

    Business activity

    Create Project Bank Account

    use this template for free
    How it works
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