Public Procurement and Property
Coronavirus (COVID-19): Project bank accounts signing requirements during COVID-19 CPN 2/2020
April 15, 2020 by Lorraine Carlyle No Comments | Category Construction, Construction Policy Notes, COVID-19, Procurement news, project bank accounts, Scottish Procurement, SMEs
We have issued a new Construction Policy Note (CPN) 2/2020 which advises on a change to signing trust documents for project bank accounts (PBAs).
Key message
An electronic signature may be used in place of a “wet” signature for signing trust documents in PBAs during the COVID-19 outbreak.
This CPN applies with immediate effect and until 30 June 2020; it will be subject to review by then.
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Tags: Construction, Construction policy note, COVID-19, CPN, project bank accounts
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