VietnameseCircular No. 04/2010/TT-BXD dated May 26, 2010 of the Ministry of Construction guiding formulation and management of costs of investment in work construction
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Circular No. 04/2010/TT-BXD dated May 26, 2010 of the Ministry of Construction guiding formulation and management of costs of investment in work construction
| Issuing body: | Ministry of Construction | Effective date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Official number: | 04/2010/TT-BXD | Signer: | Tran Van Son |
| Type: | Circular | Expiry date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Issuing date: | 26/05/2010 | Effect status: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Fields: | Construction , Investment |
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Effect status: Known
MINISTRY OF CONSTRUCTION ------- | THE SOCIALIST REPUBLIC OF VIETNAM Independence– Freedom – Happiness --------- |
No.: 04/2010/TT-BXD | Hanoi, May 26, 2010 |
CIRCULAR
GUIDING FORMULATION AND MANAGEMENT OF COSTS OF INVESTMENT IN WORK CONSTRUCTION
Pursuant to the Decree No.17/2008/ND-CP dated 04/02/2008 of the Government stipulating the functions, tasks, powers and organizational structure of the Ministry of Construction;
Pursuant to the Decree No.112/2009/ND-CP dated 14/12/2009 of the Government on management of costs of investment in work construction,
Ministry of Construction guides some contents of Decree No.112/2009/ND-CP dated 14/12/2009 of the Government on management of costs of investment in work construction (hereinafter referred to as Decree No.112/2009/ND-CP) as follows:
Chapter I
GENERAL PROVISIONS
Article 1. Scope of governing
1. This Circular guides the formulation and management of investment costs for construction of work, including the total investment in construction of work (referred to as total investments), work construction cost estimates (work cost estimate), construction norms and the work construction cost of the projects using 30% of state funds or more, including state budget capital, official development assistance capital (ODA capital for short), capital of development investment credit of the state, the credit capital guaranteed by the state and other investment capital of the state.
2. For projects using ODA capital, if the international treaties of which Vietnam is a member providing for management of work construction investment costs other than the provisions hereof shall comply with the provisions in such treaties.
Article 2. Subjects of application
1. The organizations and individuals involved in the formulation and management of the work construction investment cost, inspection, examination, auditing and payment of work construction investment capital of the projects funded with 30% of state capital or more.
2. To encourage the organizations and individuals involved in the formulation and management of the work construction investment costs of the projects using less than 30% of state capital to apply this Circular.
Article 3. Principles for formulation and management of work construction investment cost
Principles of formulation and management of work construction investment costs are defined in Article 3 of Decree No.112/2009/ND-CP, in which the implementation of Clause 6 of this Article for inspection, examination and auditing of work construction investment costs must ensure the unity in principle, method and specific contents of the formulation and management of the total investment, work cost estimates, work construction norms, the price of work construction which have been decided on selection by the person who decides on investment, investor according to the provisions of Decree No.112/2009/ND-CP and the specific contents of this Circular.
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