Notes on Determining the Value of a BT Project as Stated in the BT Contract

17:57, 10/07/2024

the Government of Vietnam has unanimously enacted Decree 69/2019/ND-CP regulating the use of public assets to pay investors when implementing construction investment projects in the form of Build-Transfer Contracts.

According to the provisions of Decree 69/2019/ND-CP, the value of the Investment Project for the construction of a work under the Build-Transfer contract form (BT Project) recorded in the BT Contract for payment is determined according to the bidding result and does not change from the date the BT Contract is signed, except for the following cases:

Value of BT Project in BT Contract, Decree 69/2019/ND-CP

Source: Internet

- In case the competent state authority permits adjustment of the scale, technical design, compensation costs, and site clearance of the BT Project, the loan interest in the financial plan of the BT Contract in conformity with the law leading to changes in the BT Project value are to be implemented as follows:

- The adjusted BT Project value is determined according to the provisions of the law on investment, construction, and relevant laws at the time the competent state authority permits adjustment of the scale, technical design, compensation costs, and site clearance of the BT Project, the loan interest in the financial plan of the BT Contract.- The adjusted BT Project value recorded in the BT Contract Appendix is aggregated into the BT Project value for payment and settlement of the BT Contract according to the conformity of the law.

Note: The value of the BT Project for payment is the value of the BT Project settled according to the provisions of the law.

For details, see Decree 69/2019/ND-CP effective from October 1, 2019.

Thu Ba

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