The priority of construction project funds includes: the scope of the construction project price to be paid in priority; The time limit for exercising the priority right to be repaid for the construction project price; Conditions for the exercise of the priority right to be compensated for the construction project price; Progress payments for construction projects are not protected by the right of priority.
[Legal Basis]
In Article 807 of the Civil Code, if the Employer fails to pay the price as agreed, the Contractor may demand the Employer to pay the price within a reasonable period. If the developer fails to pay within the time limit, in addition to the fact that it is not suitable to discount or auction the construction project according to its nature, the contractor may negotiate with the developer to discount the project, or request the people's court to auction the project according to law. The price of the construction project shall be paid in priority from the price of the project converted or auctioned.