On The Management Of Project Progress Payments Of Large State-Owned Constructional Enterprises

Large state-owned constructional enterprises have been playing most important role in the national construction of China. However, for many years, especially after China was under market economy, management of account receivable has been being one of the difficult problems plaguing them. This problem has seriously influenced the normal circulation of the capital of these enterprises and has brought about a serial of unfavorable consequences, such as inactivity of the enterprises, job losing of employees, burden increase of government and society, etc.Project progressive payment is usually the largest percentage of account receivable of a constructional enterprise. By putting emphasis on the management of project progressive payment, one is on the key point of account receivable management. Taking the 17th China Metallurgical Construction Company (17th MCC) as an example, the writer takes a discussion on how to manage project progressive payment of a large state-owned constructional enterprise in this article.ChapterⅠDiscussion on the importance and common requirement of the management of account receivable; ChapterⅡDiscussion on the management of project progressive payment of large state-owned constructional enterprises through analyzing the situation and reasons of uncollected project progressive payment in constructional market; ChapterⅢComment on the management of project progressive payment of 17th MCC though analyzing data, experience, measures and results of the company in the management thereof.Project progressive payment, as one kind of account receivable, is an essential product of market economy. All constructional enterprises will have to face it, and can take its advantages while avoid being harmed by it only by exactly aware of the importance of it and taking proper measures dealing with it.