Vietnam: Acceptance of construction and public products, service and payment, settlement of construction and contracts of supply of public products and services

According to Circular No. 77/2014/TT-BGTVT of the Ministry of Transport of Vietnam, acceptance of construction and public products, service and payment, settlement of construction and contracts of supply of public products and services are as follows:

- At the end of the first year (2015), based on the parameters, standards of the channel routes ordered, the Vietnam Maritime Administration shall organize for completion acceptance of dredging and maintaining the standard design in construction phase and dredging volumes.

- At the end of the second year (2016), the Vietnam Maritime Administration shall organize for completion acceptance of dredging and maintaining the standard of the channel routes.

- Every year, the Vietnam Maritime Administration shall make settlement of the construction on the basis of completion results according to regulations and signed contracts ; make payment and settlement for the maritime safety corporation and the contractors under the contract signed by the Vietnam Maritime Administration .

- Each year, the maritime safety corporation shall advance and pay to contractors on the basis of completion results under contract signed by the Corporation.

Note: The procedures of making payment and settlement for dredging and maintaining maritime navigable channel routes in Hai Phong, Saigon - Vung tau shall be implemented in accordance with guidance circular of the ministry of finance, defining the payment and settlement of dredging and maintaining maritime navigable channel routes managed by the ministry of transport.

View more details at the Circular No. 77/2014/TT-BGTVT of the Ministry of Transport of Vietnam, effective from February 05, 2015.

Ty Na

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