Onthepriorityofcompensationofconstruction
projectprice
Abstract
Theconstructionindustryplaysapillarroleinthedevelopmentofthenational
economy,contributingspecificallytopromotingeconomicgrowth,improvingpublic
infrastructure,andsolvingtheemploymentproblemsofmanymigrantworkers.The
contractor,astheleaderoftheconstructionindustry,hasundertakenalotofengineering
projects,butbecauseoftheimbalanceofstatuswiththeowner,itoftenfacesthe
embarrassingsituationthatitisdifficulttorecoverahugeamountofengineeringreceivables.
Inordertobreakthissituation,basedontheoriginalintentionofprotectingthelegitimate
rightsandinterestsofcontractors,ourcountryhasbeenconstantlyimprovingandimproving
thesystemofprioritycompensationforconstructionprojectpricesfromtheContractLawin
1999totheCivilCodeandtheNewConstructionInterpretation(1).However,therearestill
manyproblemsintheoperationofthesystembecauseofthediversificationofthesubjects
involvedinthefieldofconstructionengineeringandthecomplexityofcreditorsrightsand
debts.Therefore,basedonthecurrentsituationofChinasconstructionindustryandrelated
judicialcases,thispaperdrawsonandcomparesforeignlegislativeprecedentstogive
suggestionsforrealizingthepriorityrightofcompensationforconstructionprojectprices.
Inadditiontotheintroduction,thispaperconsistsoffourparts.Specifically,thefirstpart
istoexplainthebasictheory.Itfirstexplainstheprerequisiteconditionsandessential
characteristicsofexercisingtherightofprioritycompensationofconstructionprojectprice,
andthenanalyzesandcomparesthedisputedtheoriesofthenatureofprioritycompensation,
suchasthelientheory,thelegalmortgagetheoryandthelegalprioritytheory.Todefinethe