Expense norms for investor selection to implement land-using investment projects

On September 16, 2024, the Government issues Decree No. 115/2024/ND-CP Detailing a number of articles of and measures to implement the Bidding Law regarding selection of investors to implement land-using investment projects.

Expense norms for investor selection applicable to the cases where competent agencies, parties inviting the expression of invitation, bid solicitors or appraising teams directly perform tasks as follows:

- The expense for formulation of a dossier of invitation for expression of interest, bidding dossier is 0.05% of total investment capital, which must not exceed VND 200,000,000 (two hundred million dong);

- The expense for appraising each content of a bidding dossier, and investor selection result is 0.02% of the total investment capital, which must not exceed VND 100,000,000 (one hundred million dong);

- The expense for evaluating a dossier of registration for project implementation, bid dossier is 0.03% of total investment capital, which must not exceed VND 200,000,000 (two hundred million dong);

- In case of re-organizing the investor selection, the maximum expense for formulating a dossier of invitation for expression of interest, bidding dossier; appraising a bidding dossier is 50% of the expenses specified at Points a and b of this Clause.

Competent agencies, parties inviting the expression of invitation, bid solicitors or appraising teams may hire consultants to perform tasks specified in Clause 1 of this Article, in case where their personnel are not qualified to perform such tasks. In such cases, expenses for selection of investors shall be as follows:

- Expenses shall be determined based on contents and scope of tasks, performance duration, capacity and experience of consultants, their salary norms as prescribed by law, and other factors;

- If there are no regulations on salary norms of consultants, the expense for consultants’ salaries shall be determined based on expenses paid to consultants under similar projects performed in a certain period or included in the total investment capital.