New: Guidelines on the procedure for determination of cost per shift of construction machinery and equipment in Vietnam

According to Article 5 of Circular No. 11/2019/TT-BXD of the Ministry of Construction of Vietnam, machinery cost per shift shall be determined in order below:

a) Prepare list of construction machinery and equipment;

b) Determine basic information and figures serving calculation and determination of machinery cost per shift;

c) Calculate and determine machinery cost per shift based on cost norms and basic data or machinery rental cost per shift.

Details of method of determining machinery cost per shift are specified under Annex No. 1 hereto. Cost norms and basic data to determine machinery cost per shift are specified under Annex No. 2 hereto.

Circular No. 11/2019/TT-BXD outlines some notable points as follows:

- In case total construction investment and estimates are approved before the effective date hereof and construction agreements are not signed, investors shall decide to adjust machinery cost per shift in total construction investment and estimates to serve as the basis for determining contract package value according to machinery cost per shift publicized by provincial People’s Committees on the basis of ensuring project implementation progress and effectiveness.

- With respect to the contract package that has entered into construction agreements before the effective date hereof, comply with bidding documents, bid package and signed construction agreements.

View full text at Circular No. 11/2019/TT-BXD of the Ministry of Construction of Vietnam, effective from February 15, 2020.

Thu Ba

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