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Discussion of Surety Bonds in Government-invested Agent-construction Projects

FANG Jun,CHEN Xi,LI Linde  
Based on a survey for the pilot system of construction bonding in Shenzhen City Xiamen City,the feature and effects of Owner's Payment Bonding practices are concluded and analyzed.It's found that the application of Owner's Payment Bonding System is not really successful;nevertheless,as the absence of Mechanics' Lien,for private works,it is still necessary to promote the application and even to enhance the coerciveness of this system by adding the construction administration authority as one of the beneficiaries,by which the Owner's Payment Bond evolves from a contract bond to a non-contract permit license bond,becomes a effective rescue for the contractors to get their payment.For public works,the perspective of the Owner's Payment Bonding System may be varied due to different project organization models.
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