Important points to note about the EPC package in Vietnam

21:45, 10/07/2024

This is an important content stipulated in Circular 11/2016/TT-BKHDT guiding the preparation of bidding documents for Engineering-Procurement of goods-Construction (EPC).

To be specific, upon signing the contract for the EPC package, attention must be paid to the following contents listed in Circular 11/2016/TT-BKHDT:

- The bidding documents must include the Contract Agreement Template and the terms and conditions of the contract for the contractor to base their bid on and for the parties to use as a basis for negotiation, finalizing, signing, and executing the contract.

- The contract signed between the investor and the contractor must comply with the Contract Agreement Template, the contract conditions specified in the bidding documents, the modifications and supplements proposed by the contractor, and approved by the investor during the negotiation and finalization process, ensuring that they do not violate the legal regulations on bidding and other relevant legal provisions.

- For the general conditions of the contract specified in the bidding documents, it is encouraged to use the general contract conditions issued by the International Federation of Consulting Engineers (FIDIC) applicable to EPC/turnkey contracts, 1999 edition; in this case, it is recommended to refer to the example of specific conditions of the contract posted on the website muasamcong.mpi.gov.vn.

More details can be found in Circular 11/2016/TT-BKHDT effective from October 1, 2016.

- Thanh Lam -

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