A Study On The Priority For Payment In Construction Project

It is still a controversial point that the Priority for Payment in Construction Project(No.286) in the'Contracts Iaw'which issued ten years ago. The Supreme Court issued 'The Prescript for the Priority for Payment in Construction Project'which gave a very comprehensive explanation about the priority for payment (No.286) in the'Contracts Law'in June 2002. Although it has a positive effect on protecting the contractors'priority of compensation, it is still imperfect and argued by theoretical and practical field. The present thesis discussed the argumentative issues in practice from the concept and characters of the priority for payment in construction project. After comparing with the relevant overseas laws regulations, the thesis presented some suggestions at the end.This thesis contains approximately 17,000 words and it has be divided to four sections.â… . The outline of the priority for payment in construction project:this section discussed the concepts, characters and the nature of right of the priority for payment in construction project.â… compared the stage for the property rights about the priority for payment in construction project and view that the rights belong to Statutory Mortgage.â…¡. The appliance of the priority for payment in construction project:Sectionâ…¡explored the argumentative issues in practice from the application of the subject, object, extent and right conditions of the priority for payment in construction project and then presented the author's perspectives.â…¢. The suggestions to consummate the priority for payment in construction project:the author compared the relevant overseas laws with the priority for payment in construction project and pointed out the existing problems and finally presents own suggestions to consummate the priority for payment in construction project:Legal recognition for a priority claim on our construction project shall be vested in Statutory Mortgage. Explicit construction of models of China's priority claim to the right of subject, object, scope. Improve the procedures for the exercise of that right. The registration process to establish the right. â…£. Conclusion.