Guidance on management of construction maintenance costs of construction works in Vietnam

10:44, 20/04/2017

Circular No. 03/2017/TT-BXD providing guidelines for determination of costs of maintenance of construction works was issued on March 16, 2017 by the Ministry of Construction of Vietnam.

According to Circular No. 03/2017/TT-BXD of the Ministry of Construction of Vietnam, management of construction maintenance costs of construction works is guided as follows:

- The owner or manager of a construction works shall prepare, assess and approve the maintenance cost estimate or hire qualified cost management consultants to prepare and assess the maintenance cost estimate as the basis for approval for that estimate. Where the estimate for repair and renovation values VND 5 million or more, point b, clause 4 Article 39 of Decree No.46/2015/ND-CP of Vietnam’s Government.

- If a construction works is in the process of investment but has yet to have its maintenance process prepared, or a construction comes into operation but has yet to have its maintenance process prepared, the costs of preparation and assessment of the construction maintenance process shall be included in the cost of construction consulting in the total investment or to the maintenance cost estimate.

- The owner or manager of every construction works shall be responsible for managing and settling maintenance costs as prescribed.

- In case of adjustments to the construction maintenance process, adjustments to the maintenance cost estimate shall be made accordingly.

View details at Circular No. 03/2017/TT-BXD of the Ministry of Construction of Vietnam, effective from May 01, 2017.

-Thao Uyen-

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