Collaboration is the real Olympic prize.
- Resource Type
- Article
- Authors
- Kilgallon, Brian
- Source
- Building (00073318); 9/22/2006, Vol. 271 Issue 38, p64-65, 2p
- Subject
- BANK accounts
BUSINESS insurance
PAYMENT
CONSTRUCTION industry
CONTRACTORS
- Language
- ISSN
- 00073318
The article focuses on the importance of project bank accounts (PBA) and project insurances in the construction business. PBA and project insurances are tools that are designed to establish true collaboration within the contractor's supply chain. Both provide suppliers with the assurance that payment will be made on time. Project insurances are preferred by contractors than PBA. The reasons for such preference are mentioned.