Determination of Contingency Costs for Information Technology Application Investment Projects
Determination of contingency costs for an information technology application investment project as stipulated in Clause 6, Article 5 of Circular 04/2020/TT-BTTTT. Specifically:
Contingency costs for unforeseen work volume are calculated as a percentage (%) of the total construction cost, equipment cost, project management cost, investment consulting cost, and other costs.
Contingency costs for price escalation are calculated based on the investment period (calculated in months, quarters, years) of the project.
Contingency costs are determined according to the guidance in Section 6 of Appendix 02 issued with this Circular.
Sincerely.
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