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Please Sign in your LuatVietnam account and sign up for the lookup software .| Issuing bodies: | Ministry of Construction | Effective date: | |
| Official number: | 11/2021/TT-BXD | Signer: | Bui Hong Minh |
| Legislation Type: | Circular | Expired date: | Updating |
| Issuing date: | 31/08/2021 | Effect: | |
| Fields: | Construction , Investment |
Determination and management of construction investment costs
The Circular No. 11/2021/TT-BXD guiding a number of provisions on determination and management of construction investment costs is issued on August 31, 2021 by the Ministry of Construction.
Specifically, announced construction material prices must conform to market prices, quality standards, origin, and capacity and scope of material supply at the time of announcement. An announced list of construction materials shall be selected from lists of construction materials available in the system of norms issued by competent agencies and lists of construction materials available in the market.
In case of necessity, provincial-level Departments of Construction shall announce construction material prices on a monthly basis for construction materials with fluctuating prices to meet requirements of the management of construction investment costs. The deadline for announcement of construction material prices in a quarter or a month is the 15th of the first month of the subsequent quarter or the 10th of the subsequent month, respectively.
Besides, announced construction machinery shift and equipment prices must conform to categories, capacity, major technical indicators, nature and characteristics of each type of machinery and equipment. It is encouraged to choose environment-friendly construction materials made with economical use of natural resources, minerals and energy upon formulation of feasibility study reports and construction designs and determination of construction investment costs for works and projects while ensuring investment efficiency and meeting projects’ requirements.
This Circular takes effect on October 15, 2021.
For further details of the Circular 11/2021/TT-BXD, Click here
