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We have assisted both Barclays and Bank of Scotland in the development of their Project Bank account products.
Barclays is a leading participant in the project finance markets as a financier and as a provider of operational banking to projects. Within their customer relationship teams, Barclays already supports many contractors with all aspects of their banking requirements. They also work closely with the Office of Government Commerce and numerous public sector bodies to provide banking support.
In response to recent moves within the construction industry to improve the payment process on projects for the whole supply chain Barclays has developed the “Barclays Project Bank Account” in association with Rider Levett Bucknall.
For further information please click here to be directed to the Barclays website.
Please click here to view the Protocol for Set-up and Operation of a Barclays Project Bank Account.
Bank of Scotland Corporate specialise in the property industry and provide a wide range of innovative services to answer specific needs across the sector - including flexible finance for construction projects. These services are delivered by highly experienced Relationship Managers and specialist teams who have an in-depth understanding of both the public and private sectors.
Working with Rider Levett Bucknall, Bank of Scotland Corporate has developed "Project Bank Account" as an effective answer to the anomalies which have been evident in the payment process for project supply chains - helping to build a better future for the construction industry.
For more information about Bank of Scotland Corporate Project Bank Account please click here to visit our website.