Public Procurement Service to Advance Facility Construction Payments and Prevent Wage Arrears Before Chuseok

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The Public Procurement Service announced on the 19th that, as part of the 'Chuseok Livelihood Measures,' it will make early payments for facility construction costs before the holiday and conduct special inspections to check whether subcontract payments are being delayed.

To this end, the Public Procurement Service plans to complete progress inspections from the 28th of this month to the 3rd of next month to ensure that payments (wages) are made to subcontractors, material and equipment suppliers, and on-site workers before the holiday.

In particular, to prevent delays in payments of subcontract fees, material and equipment costs, and workers' wages, from the 23rd, a two-week inspection will be conducted on Public Procurement Service-managed sites to check for any subcontract payment delays.

Furthermore, if any illegalities such as delayed or non-payment of subcontract fees are found during the inspection, immediate corrective actions will be taken, and if not improved, strict measures will be enforced according to the 'Fair Transactions in Subcontracting Act' and related laws.

Additionally, subcontractors and on-site workers will be able to check payment status in real-time through the 'Hadog?m Jikimi (Subcontract Payment Confirmation System)' to immediately confirm whether payments have been made.

The Public Procurement Service currently manages construction sites worth approximately 1.4 trillion won across 22 locations nationwide, and the amount of construction payments expected to be made before Chuseok is estimated to reach 46.1 billion won.

Baek Seung-bo, Director of the Facility Business Bureau at the Public Procurement Service, said, "We will support construction companies and subcontractors to ensure they do not face difficulties in financing around Chuseok and inspect to prevent wage arrears for on-site workers. Through this, we plan to minimize the burden on subcontractors and on-site workers."

This content was produced with the assistance of AI translation services.