{"id":1274,"date":"2019-07-24T13:11:22","date_gmt":"2019-07-24T12:11:22","guid":{"rendered":"https:\/\/blogs.gov.scot\/public-procurement\/?p=1274"},"modified":"2019-07-24T13:11:22","modified_gmt":"2019-07-24T12:11:22","slug":"including-project-banks-accounts-in-annual-procurement-reports","status":"publish","type":"post","link":"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/","title":{"rendered":"Including Project Banks Accounts in annual procurement reports"},"content":{"rendered":"<p>Did you know that your organisation\u2019s annual procurement report can mention the use of PBAs? They can be used as evidence of how a contractual procedure has implemented your prompt payment policy within <a href=\"https:\/\/www.gov.scot\/publications\/construction-projects-implementing-project-bank-accounts\/\">in-scope construction projects<\/a>.<\/p>\n<p><strong>How it works?<\/strong><\/p>\n<p>Paragraph 2.5.12 of Scottish Government\u2019s <a href=\"https:\/\/www.gov.scot\/publications\/guidance-under-procurement-reform-scotland-act-2014\/\">statutory guidance<\/a> for the <a href=\"http:\/\/www.legislation.gov.uk\/asp\/2014\/12\/contents\">Procurement Reform (Scotland) Act 2014<\/a> asks public bodies to consider monitoring the prompt payment of sub-contractors. It suggests carrying out spot checks and\/or using PBAs as potential methods. Mentioning the use of PBAs means your organisation would meet the requirements of paragraph 2.6.2. It states that an annual procurement report should include a brief statement detailing the methodology used to review its regulated procurements.<\/p>\n<p><strong>Improving economic performance<\/strong><\/p>\n<p>Using your annual procurement report to include information on PBAs can help tell the broader story. Prompt and protected subcontractor payments in a PBA can help deliver sustainable economic growth through better and more predictable business cashflow.<\/p>\n<p>Include the following simple details for consistency:<\/p>\n<ul>\n<li>number of open PBAs during reporting period<\/li>\n<li>cumulative value of contract sums involved<\/li>\n<li>cumulative value of sums deposited into PBA by contracting authority<\/li>\n<li>total number of subcontractor beneficiaries across all PBAs<\/li>\n<li>average time between contracting authority depositing payment into PBA and beneficiaries receiving payment from PBA<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Using Project Bank Accounts (PBAs) is an easy way to score in your annual procurement report and evidence how you\u2019re meeting statutory guidance<\/p>\n","protected":false},"author":450,"featured_media":1276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[209,313,10,66,55,27],"tags":[159,340,221,314,212,233,67,111],"class_list":["post-1274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-practice","category-economic-action-plan","category-procurement-news","category-project-bank-accounts","category-scottish-procurement","category-smes","tag-annual-procurement-report","tag-construction-projects","tag-contracting-authorities","tag-economic-action-plan","tag-guidance","tag-procurement-reform","tag-project-bank-accounts","tag-public-sector"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Including Project Banks Accounts in annual procurement reports - Public Procurement and Property<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Including Project Banks Accounts in annual procurement reports - Public Procurement and Property\" \/>\n<meta property=\"og:description\" content=\"Using Project Bank Accounts (PBAs) is an easy way to score in your annual procurement report and evidence how you\u2019re meeting statutory guidance\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/\" \/>\n<meta property=\"og:site_name\" content=\"Public Procurement and Property\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-24T12:11:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blogs.gov.scot\/public-procurement\/wp-content\/uploads\/sites\/41\/2019\/07\/PBA-in-annual-procurement-reports-July-2019.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lorraine Carlyle\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lorraine Carlyle\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/\"},\"author\":{\"name\":\"Lorraine Carlyle\",\"@id\":\"https:\/\/blogs.gov.scot\/public-procurement\/#\/schema\/person\/6cd47fe646d6b64e553fa503b6edd42d\"},\"headline\":\"Including Project Banks Accounts in annual procurement reports\",\"datePublished\":\"2019-07-24T12:11:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/\"},\"wordCount\":213,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blogs.gov.scot\/public-procurement\/wp-content\/uploads\/sites\/41\/2019\/07\/PBA-in-annual-procurement-reports-July-2019.jpg\",\"keywords\":[\"annual procurement report\",\"construction projects\",\"contracting authorities\",\"Economic Action Plan\",\"Guidance\",\"procurement reform\",\"project bank accounts\",\"public sector\"],\"articleSection\":[\"Best practice\",\"Economic Action Plan\",\"Procurement news\",\"project bank accounts\",\"Scottish Procurement\",\"SMEs\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/\",\"url\":\"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/\",\"name\":\"Including Project Banks Accounts in annual procurement reports - Public Procurement and Property\",\"isPartOf\":{\"@id\":\"https:\/\/blogs.gov.scot\/public-procurement\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blogs.gov.scot\/public-procurement\/wp-content\/uploads\/sites\/41\/2019\/07\/PBA-in-annual-procurement-reports-July-2019.jpg\",\"datePublished\":\"2019-07-24T12:11:22+00:00\",\"author\":{\"@id\":\"https:\/\/blogs.gov.scot\/public-procurement\/#\/schema\/person\/6cd47fe646d6b64e553fa503b6edd42d\"},\"breadcrumb\":{\"@id\":\"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/#primaryimage\",\"url\":\"https:\/\/blogs.gov.scot\/public-procurement\/wp-content\/uploads\/sites\/41\/2019\/07\/PBA-in-annual-procurement-reports-July-2019.jpg\",\"contentUrl\":\"https:\/\/blogs.gov.scot\/public-procurement\/wp-content\/uploads\/sites\/41\/2019\/07\/PBA-in-annual-procurement-reports-July-2019.jpg\",\"width\":1000,\"height\":480},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/blogs.gov.scot\/public-procurement\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Including Project Banks Accounts in annual procurement reports\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/blogs.gov.scot\/public-procurement\/#website\",\"url\":\"https:\/\/blogs.gov.scot\/public-procurement\/\",\"name\":\"Public Procurement and Property\",\"description\":\"Scottish Government Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/blogs.gov.scot\/public-procurement\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/blogs.gov.scot\/public-procurement\/#\/schema\/person\/6cd47fe646d6b64e553fa503b6edd42d\",\"name\":\"Lorraine Carlyle\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/blogs.gov.scot\/public-procurement\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/blogs.gov.scot\/public-procurement\/wp-content\/wphb-cache\/gravatar\/d3e\/d3ee966a7386af10f07aa48336434917x96.jpg\",\"contentUrl\":\"https:\/\/blogs.gov.scot\/public-procurement\/wp-content\/wphb-cache\/gravatar\/d3e\/d3ee966a7386af10f07aa48336434917x96.jpg\",\"caption\":\"Lorraine Carlyle\"},\"url\":\"https:\/\/blogs.gov.scot\/public-procurement\/author\/lorrainecarlyle\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Including Project Banks Accounts in annual procurement reports - Public Procurement and Property","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/","og_locale":"en_GB","og_type":"article","og_title":"Including Project Banks Accounts in annual procurement reports - Public Procurement and Property","og_description":"Using Project Bank Accounts (PBAs) is an easy way to score in your annual procurement report and evidence how you\u2019re meeting statutory guidance","og_url":"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/","og_site_name":"Public Procurement and Property","article_published_time":"2019-07-24T12:11:22+00:00","og_image":[{"width":1000,"height":480,"url":"https:\/\/blogs.gov.scot\/public-procurement\/wp-content\/uploads\/sites\/41\/2019\/07\/PBA-in-annual-procurement-reports-July-2019.jpg","type":"image\/jpeg"}],"author":"Lorraine Carlyle","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Lorraine Carlyle","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/#article","isPartOf":{"@id":"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/"},"author":{"name":"Lorraine Carlyle","@id":"https:\/\/blogs.gov.scot\/public-procurement\/#\/schema\/person\/6cd47fe646d6b64e553fa503b6edd42d"},"headline":"Including Project Banks Accounts in annual procurement reports","datePublished":"2019-07-24T12:11:22+00:00","mainEntityOfPage":{"@id":"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/"},"wordCount":213,"commentCount":0,"image":{"@id":"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/#primaryimage"},"thumbnailUrl":"https:\/\/blogs.gov.scot\/public-procurement\/wp-content\/uploads\/sites\/41\/2019\/07\/PBA-in-annual-procurement-reports-July-2019.jpg","keywords":["annual procurement report","construction projects","contracting authorities","Economic Action Plan","Guidance","procurement reform","project bank accounts","public sector"],"articleSection":["Best practice","Economic Action Plan","Procurement news","project bank accounts","Scottish Procurement","SMEs"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/","url":"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/","name":"Including Project Banks Accounts in annual procurement reports - Public Procurement and Property","isPartOf":{"@id":"https:\/\/blogs.gov.scot\/public-procurement\/#website"},"primaryImageOfPage":{"@id":"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/#primaryimage"},"image":{"@id":"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/#primaryimage"},"thumbnailUrl":"https:\/\/blogs.gov.scot\/public-procurement\/wp-content\/uploads\/sites\/41\/2019\/07\/PBA-in-annual-procurement-reports-July-2019.jpg","datePublished":"2019-07-24T12:11:22+00:00","author":{"@id":"https:\/\/blogs.gov.scot\/public-procurement\/#\/schema\/person\/6cd47fe646d6b64e553fa503b6edd42d"},"breadcrumb":{"@id":"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/#primaryimage","url":"https:\/\/blogs.gov.scot\/public-procurement\/wp-content\/uploads\/sites\/41\/2019\/07\/PBA-in-annual-procurement-reports-July-2019.jpg","contentUrl":"https:\/\/blogs.gov.scot\/public-procurement\/wp-content\/uploads\/sites\/41\/2019\/07\/PBA-in-annual-procurement-reports-July-2019.jpg","width":1000,"height":480},{"@type":"BreadcrumbList","@id":"https:\/\/blogs.gov.scot\/public-procurement\/2019\/07\/24\/including-project-banks-accounts-in-annual-procurement-reports\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/blogs.gov.scot\/public-procurement\/"},{"@type":"ListItem","position":2,"name":"Including Project Banks Accounts in annual procurement reports"}]},{"@type":"WebSite","@id":"https:\/\/blogs.gov.scot\/public-procurement\/#website","url":"https:\/\/blogs.gov.scot\/public-procurement\/","name":"Public Procurement and Property","description":"Scottish Government Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blogs.gov.scot\/public-procurement\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/blogs.gov.scot\/public-procurement\/#\/schema\/person\/6cd47fe646d6b64e553fa503b6edd42d","name":"Lorraine Carlyle","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/blogs.gov.scot\/public-procurement\/#\/schema\/person\/image\/","url":"https:\/\/blogs.gov.scot\/public-procurement\/wp-content\/wphb-cache\/gravatar\/d3e\/d3ee966a7386af10f07aa48336434917x96.jpg","contentUrl":"https:\/\/blogs.gov.scot\/public-procurement\/wp-content\/wphb-cache\/gravatar\/d3e\/d3ee966a7386af10f07aa48336434917x96.jpg","caption":"Lorraine Carlyle"},"url":"https:\/\/blogs.gov.scot\/public-procurement\/author\/lorrainecarlyle\/"}]}},"_links":{"self":[{"href":"https:\/\/blogs.gov.scot\/public-procurement\/wp-json\/wp\/v2\/posts\/1274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.gov.scot\/public-procurement\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.gov.scot\/public-procurement\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.gov.scot\/public-procurement\/wp-json\/wp\/v2\/users\/450"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.gov.scot\/public-procurement\/wp-json\/wp\/v2\/comments?post=1274"}],"version-history":[{"count":0,"href":"https:\/\/blogs.gov.scot\/public-procurement\/wp-json\/wp\/v2\/posts\/1274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogs.gov.scot\/public-procurement\/wp-json\/wp\/v2\/media\/1276"}],"wp:attachment":[{"href":"https:\/\/blogs.gov.scot\/public-procurement\/wp-json\/wp\/v2\/media?parent=1274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.gov.scot\/public-procurement\/wp-json\/wp\/v2\/categories?post=1274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.gov.scot\/public-procurement\/wp-json\/wp\/v2\/tags?post=1274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}