Regulations on estimate for monuments and mural paintings in Vietnam

Specifically, according to Article 26 of Decree No. 113/2013/NĐ-CP of Vietnam’s Government, the estimate for monuments and mural paintings is specified as follows:

1. Basis for estimation: according to the volume, quality, material and layout of the approved model statue in round 2; technology process, construction measures, unit price, fine art norm and relevant policies of the State. The non-artistic items like digging, filling, foundation constructing shall be in accordance with the legislation on construction. The artistic items relating to fine art shall be in accordance with the fine art norm.

2. The estimate shall include the spending on creation and execution of the fine art, including the expense of materials, equipment, employees, royalties, cost of transportation and installation, taxation, provision and other expenses according to the regulations.

3. The estimate shall specify the scale, size, area, volume, weight and material for each fine art item. Such information shall be performed in a table on the first page with confirmation of the investor.

4.  The proposed price is the basis for the negotiation of the contract and final settlement.

5. Total estimate for monuments and mural paintings includes the estimate of the fine art part and other construction. The approval for the final settlement shall be according to the legislation on construction investment.

6. Any modification of the fine art part shall not cause change in the approved project nor exceed the total investment and shall only be carried out in the following cases:

- The construction is broken because of force majeure;

- Price of materials or salary for employee is modified;

- The layout or material of the work is modified at the request of the Art council approved by the investor.

7. The advance, payment the final settlement shall be according to the legislation on construction investment.

8. The appraisal of the estimate for the execution of monument and mural painting construction projects shall be conformable with the legislation on construction investment.

View details at Decree No. 113/2013/NĐ-CP of Vietnam’s Government, effective from December 01, 2013.

Ty Na

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