Decree No. 10/2021/ND-CP the management of construction investment costs
7 expenses used for determining the total construction investment
On February 09, 2021, the Government issues the Decree No. 10/2021/ND-CP on the management of construction investment costs.
Specifically, the total construction investment shall be determined according to 07 expenses as follows: Compensation, support and resettlement expenses shall be determined on the basis of the compensation, support and resettlement plan of the project as well as relevant mechanisms and policies of the State; Construction costs shall be determined on the basis of the volumes of construction jobs; Project management expenses; Construction investment consultancy expenses; Other expenses shall be determined by the norms of percentage (%) or by the estimation method, etc.
Besides, bidding package estimates shall be determined based on the cost items of each bidding package in conformity with the design, scope, nature, characteristics, and specific conditions of the bidding package. For projects for which work construction cost estimates have been approved, the project owners shall determine the bidding package estimates based on the cost items within the scope of the bidding packages in the approved work construction cost estimates if necessary.
The Ministry of Construction shall develop regulations on management, exploitation and use of the system of databases; guide the contents and methods of building databases; guide the use of the system of databases; build and finalize codes and application software for the management of the system of databases.
This Decree takes effect on the signing date.
For further details of the Decree 10/2021/ND-CP, Click here
translation of the Official Gazette of the Vietnam News Agency
THE SOCIALIST REPUBLIC OF VIETNAM
Hanoi, February 9, 2021
On the management of construction investment costs
Pursuant to the June 19, 2015 Law on Organization of the Government; and the November 22, 2019 Law Amending and Supplementing a Number of Articles of the Law on Organization of the Government and the Law on Organization of Local Administration;
Pursuant to the June 18, 2014 Law on Construction; and the June 17, 2020 Law Amending and Supplementing a Number of Articles of the Law on Construction;
Pursuant to the June 17, 2020 Law on Investment;
Pursuant to the June 13, 2019 Law on Public Investment;
Pursuant to the June 18, 2020 Law on Investment in the Form of Public-Private Partnership;
Pursuant to the November 26, 2013 Bidding Law;
At the proposal of the Minister of Construction,
The Government promulgates the Decree on management of construction investment costs.
Article 1. Scope of regulation
1. This Decree provides the management of construction investment costs of projects using public investment funds or state capital other than public investment funds and investment projects in the form of public-private partnership (PPP), covering preliminary total construction investment, total construction investment, construction cost estimates, and prices of construction bidding packages; construction norms, work construction prices, and project management and construction investment consultancy expenses; payment and liquidation of construction contracts, and payment and account-finalization of construction investment funds; and rights and responsibilities of investment deciders, and rights and obligations of project owners, construction contractors and consultancy contractors in the management of construction investment costs.
2. The management of construction investment costs of projects using official development assistance (ODA) loans or concessional loans of foreign donors must comply with relevant treaties, signed agreements on ODA loans and concessional loans, this Decree and regulations on use management of ODA loans and concessional loans of foreign donors.
Article 2. Subjects of application
1. This Decree applies to agencies, organizations and individuals involved in the management of construction investment costs of projects using public investment funds or state capital other than public investment funds and PPP projects.
2. Organizations and individuals may refer to the provisions of this Decree to manage construction investment costs of projects other than those specified in Clause 1 of this Article.