【HaiChuan Engineering Discussion】Why do most unfinished buildings start to remain unfinished only after the main structure has been completed?

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The result of all parties competing in wits and strategies; it is said that settlements can be made in stages after the ceiling is reached, and some people realize things are not going well and exit to avoid losses: lol

I’ve also seen unfinished buildings at other stages of construction; what does the stage of completion even matter when a project is unfinished?

Abandonment, abandonment... If it fails from the very beginning, the main structure of the building will never be completed. The main reasons for unfinished buildings are as follows: 1. Party B funds the construction, and once the main structure of the building is completed, Party A fails to fulfill its payment obligations, resulting in the project remaining unfinished ； 2. For building construction, there are typically milestone payment points such as reaching the foundation level, completing the main structure of the building, carrying out exterior decoration, and completing interior decoration. Some project owners raise only a small amount of funds and rush to start construction; once the building’s structure is completed, they lack the money to continue payments, resulting in the project remaining unfinished. ... In short, projects falling behind schedule are usually due to a lack of subsequent funding.

Generally, this stage becomes a payment milestone; previously, the construction contractor could delay things

In residential projects, units can be sold as off-plan after the main structure is completed; the recent wave of default payments in various cities is caused by developers failing to complete the construction after selling the units in advance.

You can go and find out about the time difference in funds