full text is as follows:
In order to further improve the relevant methods for settlement of construction projects, maintain the construction market order, reduce the burden on construction enterprises, and protect the rights and interests of migrant workers, in accordance with the " Financial Rules for Basic Construction " (Ministry of Finance Order No. 81), "Interim Measures for Settlement of Construction Project Prices " (Caijian [2004] No. 369), and other relevant regulations, the following notice is hereby issued on relevant work:
1. Increase the payment ratio for progress payments for construction projects. Government agencies, public institutions, and state-owned enterprises construction project progress payment shall not be less than 80% of the completed project price; at the same time, on the premise of ensuring that the total project (budget) and the smooth progress of the project decision (settlement) work, unless the quality deposit that does not exceed 3% of the total project price is retained as agreed in the contract, the payment ratio of the progress payment can be determined by the contract parties based on the actual situation of the project. During the settlement process, if the progress payment exceeds the actual completed project price, the contractor shall return the over-received project progress payment to the contractor within 30 days after settlement as required.
2. New projects that start construction in the year and cannot be completed in the year can be processed. The contracting parties shall divide the construction cycles according to time or progress nodes through a contract, and calculate, confirm and pay the completed and undisputed project volumes (including changes, visas, claims, etc.) within the cycle, and the payment amount shall not exceed the approval (budget) corresponding to the completed part. The process settlement documents confirmed by both parties shall be part of the completion settlement documents and shall not be reviewed repeatedly after completion in principle.
3. This notice shall come into effect on August 1, 2022. The project contract signed from this date shall be carried out in accordance with this notice. Except for the matters specified in this notice, other relevant matters will continue to be implemented in accordance with the "Interim Measures for Settlement of Construction Project Prices" (Caijian [2004] No. 369).
1. Clear The progress payment of government agencies, public institutions, and state-owned enterprises construction projects should not be less than 80% of the completed project price; other private enterprise projects are not clear.
2 and In addition to deducting quality deposit , the progress payment ratio can also be determined by the contractors based on the actual situation of the project.
3. Specifies that if the progress payment in exceeds the actual completed project price, the contractor must return the overdue project progress payment within 30 days after settlement.
4 and carry out process settlement. The process settlement documents confirmed by both parties are part of the completion settlement documents, and in principle no repeated review will be made after completion.
