Countermeasures of Payment Risk in Construction Contract

摘要

The contractor lacks of identification ability of risks in construction contracts, which result in loopholes and risks that could be avoid in the signing and implementation process of the instruction contract. Due to lack of identification and prevention of these risks, lead to the losses of the contractors in the project construction courses. To the contractor, the significant risk is the owner’s payment risks. It is a universal phenomenon there exist plenty of owners in arrears with project payment or repudiate payment, which result not only from insufficient management of contractors, but also closely related to the credit of owners. This paper firstly elaborate contract management of construction project, and then analyze the risk of construction contract and put emphasize on employer payment risk. Finally, point out that employer payment bond is an effective method of risk transferring in preventing employer arrear, to ensure the profitability and construction can be carried through smoothly.