Construction Contract Dispute Case Between a Xiamen Construction Company and the Project Owner
Case Summary
Plaintiff Xiamen Construction Co., Ltd. entered into a "Construction Contract" with Defendant Fujian Real Estate Development Co., Ltd. to construct a residential project in Xiamen, with a total contract value of 1.2 billion yuan. After the project passed final acceptance inspection, the Defendant paid only 80% of the construction costs, withholding the remaining 2400 thousand yuan on grounds of alleged quality issues requiring rectification. Despite repeated demands for payment, no resolution was reached; thus, Plaintiff filed suit requesting the outstanding construction payments and interest for late payment.
Key Dispute
Case Strategy
Processing Result
The court ordered the defendant to pay the plaintiff the outstanding construction funds of 2400 ten thousand yuan, as well as overdue payment interest calculated on a principal amount of 2400 ten thousand yuan at 1.5 times the Loan Prime Rate (LPR) published by the National Interbank Funding Center from the date the construction funds were due until the date of actual payment. The defendant shall bear all litigation costs and judicial appraisal fees for this case.
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