PBA to be used on new £72m healthcare facility
David MacDonald, National Hub Programme Director at Scottish Futures Trust, gives an update on a project bank account that will be used on the new £72m healthcare facility in Parkhead, Glasgow:
Financial Close has been achieved on contracts for a new state-of-the-art £72m health and care facility in the Parkhead area of Glasgow.
The project is being delivered by hub West Scotland on behalf of their partners NHS Greater Glasgow and Clyde (NHSGGC), together with Glasgow City Health and Social Care Partnership, Glasgow Life and Glasgow City Council.
Work will start on site in spring 2022 with an anticipated completion of the main building in the summer of 2024.
As the largest of its kind in the country, the facility will contribute to the Scottish Government’s net zero carbon objectives by avoiding reliance on fossil fuels and supporting the health board in achieving Scotland’s first working net zero carbon health and social care facility.
The new community facility has been conceived and designed with reference to place principles and this is reflected by the facility incorporating a public library and learning and development training facilities.
In addition, it will improve access to services and better integrate health and social care teams and services along with stakeholders from the voluntary sector and local community.
The project is also the first hub project to fully adopt a project bank account (PBA) – a significant step forward in ensuring the timely payment cycles for the supply chain involved.
The contracting parties, NHSGGC, hub West Scotland and BAM have worked with Scottish Futures Trust and Royal Bank of Scotland, with expert knowledge and insight to the process provided by CICV member Len Bunton to establish the PBA.
This pioneering project feature will act as a learning ground for future projects with others soon to follow a similar path through the hub programme.
- A project case study is available here.