Common use of Project Bank Accounts Clause in Contracts

Project Bank Accounts. The Project Bank Accounts scheme is a government policy aimed at enhancing the speed with which payment progresses down the construction supply chain. The scheme has been promoted in the Government Construction Strategies and should be used within central government projects unless there are compelling reasons not to do so. Amended provisions have not been included within this boilerplate document, however their use is encouraged. They should be incorporated using the standard facilities within NEC, JCT and PPC documents. Option Z2 - Identified and defined terms Insert new clause 11.3 additional defined terms. 11.3 (1) Client Confidential Information is all Personal Data and any information, however it is conveyed, that relates to the business, affairs, developments, trade secrets, knowhow, personnel, and contractors of the Client, including all IPRs, together with all information derived from any of the above, and any other information clearly designated as being confidential (whether or not it is marked "confidential") or which ought reasonably be considered to be confidential. 11.3 (2) Client Data is the data, text, drawings, diagrams, images or sounds (together with any database made up of any of these) which are embodied in any electronic, magnetic, optical or tangible media, and • which are supplied to the Contractor by or on behalf of the Client, • which the Contractor is required to generate, process, store or transmit pursuant to this contract or • which are any Personal Data for which the Client is the Data Controller to the extent that such Personal Data is held or processed by the Contractor.