Publisher's Synopsis
The settlement of construction project prices refers to the activities of agreeing on the contract prices for the contracting of construction projects and conducting the settlement of project advance payments, project progress payments, and project completion prices in accordance with the contract agreements. The financial department of the State Council, the financial departments of local governments at all levels, the construction administrative department of the State Council, and the construction administrative departments of local governments at all levels are responsible for the supervision and management of project price settlement within their respective functions and responsibilities.
