Construction process settlement refers to the activities of both the Employer and the Contractor to calculate, adjust, confirm and pay the project price for the qualified project content (including on-site visa, project change, claims, etc.) completed within the agreed settlement node according to the construction contract during the implementation of housing construction and municipal infrastructure projects.
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The settlement nodes in the construction process of housing construction engineering shall be reasonably divided according to the size of the project, which can be divided into earthwork excavation and foundation pit support, pile foundation engineering, basement engineering, main structure engineering above the ground (segmented) and decoration and installation engineering (professional).
Note: The official original text is shown below.
For the commenced project, the Employer and the Contractor can consult and sign a supplementary agreement with reference to this implementation opinion to implement the specific requirements for process settlement.
Implement construction process settlement in housing construction and municipal infrastructure projects in our province.
After the construction process settlement documents of government invested projects are reviewed by the financial investment review department, they will not be reviewed again after completion in principle.
3、 The competent departments of housing and urban and rural construction at or above the county level shall be responsible for the supervision and administration of settlement activities in the construction process of housing construction and municipal infrastructure projects within their respective administrative regions.
The construction process settlement document signed and approved by both the Employer and the Contractor is an integral part of the completion settlement document, which will not be reviewed again after completion in principle.
207 Housing and Urban Rural Development Bureaus and Finance Bureaus of all cities, prefectures (counties and cities), and relevant units: To strengthen the supervision of housing construction and municipal infrastructure project construction contract performance and payment, Effectively solve the problem of arrears of project funds and migrant workers’ wages, effectively reduce the burden on construction enterprises, and optimize the business environment.
2、 Implement construction process settlement in housing construction and municipal infrastructure projects in our province.
All the newly followed friends will get 500 standard meeting gifts! Original text: Hunan Provincial Department of Housing and Urban Rural Development Implementation Opinions of Hunan Provincial Department of Finance on Promoting Construction Process Settlement in Housing Construction and Municipal Infrastructure Projects XJJ [2022] No.
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38) The Notice of the Ministry of Finance, the Ministry of Housing and Urban Rural Development on Improving the Measures for the Settlement of Construction Project Price (CJ [2022] No.
The settlement nodes in the construction process of municipal infrastructure projects can be reasonably divided by section, single item or discipline..
of the construction process.
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Construction process settlement shall be carried out for newly started government invested projects and prefabricated construction projects that can not be completed in the same year.
On October 22, Hunan Provincial Department of Housing and Urban Rural Development, together with the Provincial Department of Finance, issued the Implementation Opinions on Implementing Construction Process Settlement in Housing Construction and Municipal Infrastructure Projects, which will be implemented from November 1, 2022.
It is specified that the progress payment for construction projects of government agencies, public institutions and state-owned enterprises shall not be less than 80% of the cost of completed projects.
4、 For projects subject to construction process settlement, the bidding documents and construction contracts shall specify the settlement cycle, measurement and pricing method, risk scope, acceptance requirements, and payment time, procedure, method, proportion, etc.
The measure project cost calculated by the total price can be calculated according to the proportion of the project cost actually completed in the current period of the construction process settlement, and the measure project cost calculated by the unit price can be measured and priced according to the construction amount of the project construction measures completed in the current period.
Construction process settlement shall be carried out for newly started government invested projects and prefabricated construction projects that can not be completed in the same year.
Among them, the construction contract shall specify the payment method of the measure project cost.
The settlement nodes in the construction process of municipal infrastructure projects can be reasonably divided by section, single item or discipline.
31), the Notice of the General Office of the Ministry of Housing and Urban Rural Development on Printing and Distributing the Work Plan for Project Cost Reform (JBB [2020] No.
The Standing Committee of the People’s Republic of China clearly requires to fully implement process settlement in the field of engineering construction, and the Ministry of Housing and Urban Rural Development has repeatedly proposed to comprehensively implement price settlement and payment in the construction process.
According to the Administrative Measures for the Bidding of Housing Construction and Municipal Infrastructure Projects in Hunan Province (XZBF [2019] No.
183) and other relevant provisions and requirements have decided to comprehensively implement the settlement of construction process in the construction of housing buildings and municipal infrastructure projects in our province.
5、 The settlement cycle of the construction process can be divided according to the construction image progress node, so as to link up with the progress payment node.
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In June this year, the Ministry of Finance issued the Notice on Improving the Relevant Measures for Construction Project Price Settlement, which will come into force on August 1, 2022, and the project contracts signed since this date shall be implemented in accordance with this Notice.
Settlement and payment during construction.
The competent financial departments at or above the county level shall perform the corresponding responsibilities for the settlement activities in the construction process of the housing construction and municipal infrastructure projects invested by the government at the corresponding level.
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The settlement nodes in the construction process of housing construction engineering shall be reasonably divided according to the size of the project, which can be divided into earthwork excavation and foundation pit support, pile foundation engineering, basement engineering, main structure engineering above the ground (segmented) and decoration and installation engineering (professional).
The settlement period of the construction process can be divided according to the construction image progress node, so as to link up with the progress payment node.
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For the commenced project, the Employer and the Contractor can consult and sign a supplementary agreement with reference to this implementation opinion to implement the specific requirements for process settlement.
The following implementation suggestions are proposed, please implement them carefully.
For the project contract signed since August 1, 2022, the progress payment of government agencies, public institutions and state-owned enterprises should not be less than 80% of the completed project price.
The construction process settlement documents shall be signed by the registered cost engineer responsible for preparation and review and affixed with the professional seal and the official seal of the preparation unit.
