What are components and determination of cost estimates of public investment projects without construction components in Vietnam?
What are components and determination of cost estimates of public investment projects without construction components in Vietnam? What is authority to appraise and approve project designs and estimates of public investment projects without construction components in Vietnam? What are processes, procedures and time limits for the appraisal of project designs and cost estimates of public investment projects without construction components in Vietnam?
Please advise.
1. What are components and determination of cost estimates of public investment projects without construction components in Vietnam?
Pursuant to Article 28 of Decree No. 40/2020/ND-CP guiding the Law on Public Investment, components and determination of cost estimates of public investment projects without construction components are as follows:
1. A project cost estimate is all costs necessary for implementation of the project which are determined at the stage of implementation of projects according to feasibility study reports of projects and approved project designs; other requirements of work items to be done.
2. Components of a project cost estimate are all costs specified in clause 3 of Article 27 herein.
3. Project cost estimate shall be made on the basis of calculation of the costs prescribed in clause 3 of Article 27 herein at the time of formulation of such estimate and according to regulations on standards, norms and methods adopted by competent authorities.
2. What is authority to appraise and approve project designs and estimates of public investment projects without construction components in Vietnam?
Pursuant to Article 29 of Decree No. 40/2020/ND-CP guiding the Law on Public Investment, authority to appraise and approve project designs and estimates of public investment projects without construction components is as follows:
1. For projects under the control of ministries or central regulatory bodies, competent units assigned these tasks by ministries or central regulatory bodies shall preside over the appraisal of project designs and investment cost estimates, and submitting them to authorities having competence in making investment decisions to seek their approval of projects designed according to the one-step process. Project owners shall approve detailed designs and estimates in case of carrying out the two-step design process. Approval of detailed designs and estimates shall be granted in a manner of concurrence and non-separation of detailed designs from estimates.
2. For projects under the control of provincial-level People’s Committees, competent units assigned these tasks shall preside over or cooperate with specialized departments in the appraisal of project designs and investment cost estimates, and submitting them to Presidents of provincial-level People’s Committees or agencies authorized or mandated to make investment decisions to seek their approval of projects designed according to the one-step process. Project owners shall approve detailed designs and estimates in case of carrying out the two-step design process. Approval of detailed designs and estimates shall be granted in a manner of concurrence and non-separation of detailed designs from estimates.
3. For projects under the control of district or commune-level People’s Committees and those projects obtaining investment decisions made under authorization or mandate by provincial-level People’s Committees, competent units assigned these tasks under the authority of district or commune-level People’s Committees shall preside over or cooperate with specialized departments in the appraisal of project designs and investment cost estimates, and submitting them to Presidents of People’s Committees at the same level to seek their approval of projects designed according to the one-step process. Project owners shall approve detailed designs and estimates in case of carrying out the two-step design process. Approval of detailed designs and estimates shall be granted in a manner of concurrence and non-separation of detailed designs from estimates.
3. What are processes, procedures and time limits for the appraisal of project designs and cost estimates of public investment projects without construction components in Vietnam?
Pursuant to Article 30 of Decree 40/2020/ND-CP guiding the Law on Investment in Works, processes, procedures and time limits for the appraisal of project designs and cost estimates of public investment projects without construction components are as follows:
1. Project owners send project design and cost estimate documents, and authorize competent units assigned these tasks to carry out the appraisal according to the subject matters specified in Article 31 herein.
2. Competent units assigned the task of appraisal shall preside over or cooperate with related agencies in carrying out the appraisal of elements of project designs or cost estimates specified in Article 26 and 28 herein. In order to carry out the appraisal, authorities presiding over appraisal may hire independent qualified entities or persons to take part in the appraisal of specific parts of project designs or cost estimates serving their appraisal purposes.
3. Time limits for appraisal of project designs or cost estimates by authorities presiding over such appraisal from the date of receipt of full and valid required documents shall be as follows:
c) Group-A public investment projects: Not exceeding 40 days;
b) Group-B public investment projects: Not exceeding 30 days;
c) Group-C public investment projects: Not exceeding 20 days.
Best Regards!
