The Ministry of Finance and the Ministry of Housing and Construction jointly issued a document: From August 1st, the proportion of project progress payment to 80%

In order to further improve the relevant measures for the settlement of construction projects, maintain the construction market order, reduce the burden on construction enterprises, and protect the rights and interests of migrant workers, recently, the Ministry of Finance and the Ministry of Housing and Construction jointly issued the "Notice on Improving the Relevant Measures for the Settlement of Construction Price".

Increase the proportion of payment for construction project progress. Government agencies, public institutions, and state -owned enterprise construction projects shall not be lower than 80%of the project price that has been completed; Below, in addition to the quality margin that does not exceed 3%of the total project price in accordance with the contract, the paid payment ratio can be determined by the contracting parties according to the actual situation of the project. During the settlement process, if the progress of the progress has exceeded the actual completion of the project price, the contracting unit shall return the project progress funds to the more than the issue of the income unit within 30 days after the settlement.

New start -up projects that were started and could not be completed that year could implement process settlement. By contracting, the construction process is divided into the construction cycle according to the time or progress node of the construction process, and the amount of engineering (including changes, visas, claims, etc.) that has been completed during the cycle can be calculated, confirmed, and paid. The corresponding approval of the completion part (pre -pre -) calculation. The process settlement documents confirmed by both parties are composed of the completion settlement documents, and the review will not be repeated in principle after completion.

This notice will be implemented from August 1, 2022. The project contract signed from this date shall be implemented in accordance with this notice. Except for the matters regulated by this notice, other related matters continue to be implemented in accordance with the "Interim Measures for the Settlement of Construction Projects" (Cai Jian [2004] No. 369).

Ministry of Finance and Housing and Urban -Rural Development of the Ministry of Finance

June 14, 2022

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