The Contract Bonding System For Land Consolidation Project In China

Land consolidation is a very important work, which concerns to the realization of thedynamic balance of cultivated land total volume, concerns to the sustainable land use andthe ecological equilibrium, and also concerns to the land guarantee for the economicdevelopment. However, in our country, the government funds are insufficient, and cannot meet the need of land consolidation. Facing this practice difficulty, many districts ofour country, based on their own land-resources reserve and economic developmentconditions, started to introduce market mechanism into land consolidation. Under thecondition that the government funds are limited and national investment mechanism isnot perfect, industrialized management is an effective way to realize the virtuous capitalturnover. However, the policies, rules, market mechanism which match the industrializedland consolidation are lagged and need detailed research.This dissertation, firstly, analyses the problems which are faced in land consolidationcurrently, and then puts forward some measures for Settling them, and stresses that themarket mechanism which, benefits land consolidation industrialization development mustbe set up. Aiming at the problems existing in Chinese land consolidation market, such ascontract dispute, engineering qualitative accidents, work period lag, corruption, thisdissertation also advances that the surety bond should be introduced into the landconsolidation in our country so as to keep away from the market risks. Secondly, thedissertation discusses the two basic principles—Information Economics and EntrustmentCommission, and analyses the experiences of applying surety bond in developedcountries and Hong Kong, Shenzhen in China. And then, the land consolidation projectmodels are discussed. Thirdly, the dissertation probes into the operate modes, basiccharacters and mechanism of contract surety bond, and allowing for the problems met inpractice proposes that the compulsive surety bond system should be introduced in landconsolidation in our country, and then suggests that the banking bond and the same tradeor business contract bond Should be the optimum choice at present. In developed districtthe corporate bond is the priority. Finally in view of the strong externality of landconsolidation, land consolidation should emphasize the economic benefits as while as social and ecological benefits. To achieve the combination of above three benefits thedissertation suggests that not only the contractor bid bond, performance bond,pre-payment bond, payment bond and owner payment bond, but also the owner submitconcession bond and ecological bond should be popularized.