Project Bank Account Information Pack for AS 2124 contracts

Standard:
Details the rights, responsibilities and obligations of all parties involved in the project bank account, and how they operate in Department of Finance contracts.

Important information and documents on the operation of Project Bank Accounts (PBAs) in Department of Finance (Finance) AS 2124 contracts.  The pack includes:

  • Introduction to project bank accounts
  • Trust Deed Poll
  • PBA Agreement
  • Deed of Release and Priority Deed Poll
  • AS 2124 amendments to the conditions of contract
  • Statutory Declaration
  • Special conditions for Tier 2 subcontracts.

Contractors must take this information into account when tendering for a PBA contract with Finance.

Published

1 July 2019

Contact

Department of Finance - Procurement Policy (works)
Page reviewed 10 October 2019