Legal Construction of Employer Payment Bond System in Engineering Management

Abstract

With the rational regression of house price and the decline in volume of real estate transactions across the country, both real estate development enterprise and construction enterprise face a series of fund shortage in the short term, or even medium-to-long term. Because construction enterprise has a lot of workers , lack of funding leads directly to a wide range of negative social effects. How to make construction enterprise avoid and transfer potential risks effectively? the resolutions include revising the existing laws, consolidating the project priorities of No. 286 clause of contract law, endowing clearly the contractor with the lien, establishing practical employer payment bond system.