The construction project management costs in Vietnam
According to the new regulations on construction investment costs, what are the construction project management costs in Vietnam? Please get back to me.
The construction project management costs in Vietnam (Image from the Internet)
According to the provisions of Article 21 of Decree 68/2019/ND-CP (effective October 1, 2019) stipulating construction project management costs:
1. Project management costs are necessary expenditures on performance of project management tasks from project preparation, project execution, construction completion and project inauguration.
2. Project management costs include salaries of project managers; wages of employees under contracts; allowances, bonuses; collective benefits; contributions (social insurance; health insurance; unemployment insurance; trade union fees, and other payments made by individuals receiving salaries from the project); cost of application of science and technology, work information system management, provision of advanced training for project managers; payment for public services; office supplies; communications, propagation; organization of relevant conventions; business trip allowances; lease; repair, purchase of assets serving project management; other costs, and cost contingency.
3. Project management costs are determined according to a rate (%) set by the Ministry of Construction or according to an estimate that suits the project management manner, duration, scale of the project, and characteristics of the project management tasks.
4. With regard to projects funded by external-source state capital and special projects, if the investor hires a project management consultant, then the project management consultancy costs shall be determined according to the contents, quantity of project management tasks, and agreement between the investor and the advisory organization in the project management contract.
5. With regard to small-scale renovation or repair projects that are defined in the Decree on construction project management and participated by the community, and the investor may make use of the whole apparatus to manage the project, the project management costs shall be determined according to estimate as prescribed in Clause 3 of this Article.
Above are the regulations on construction project management costs.
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