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this video details the documentation that is required for the payment process when using a project bank account from the 1st of March 2018 a project bank account will be used for certain building and construction projects valued between 1 and 10 million dollars the Department of Housing and Public Works recommends first watching the overview of project bank accounts and payment process using a project bank account videos on the hpw website to claim a progress payment the head contractor must submit a payment claim to the superintendent the head contractor must provide two other documents with the payment claim the subcontractors payment summary report which provides details to support the payment claim including what claims and payments have been received and paid to subcontractors and a statutory declaration that the head contractor has managed the project bank account and its subcontractors in accordance with the project bank account requirements the principal will check these docum
