How is the interest on the project payment owed by the employer calculated?
If the employer defaults on the project payment, the unpaid interest is a statutory accrual: if there is an agreement, the interest shall be calculated according to the agreement; if there is no agreement, the interest shall be calculated according to the interest rate of the same period loan or LPR, starting from the date the project payment is due. It is recommended to fix the settlement and del...
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