Vietnam: Guidelines for calculating cost associated with making planning scheme

10:55, 14/06/2017

The Ministry of Construction of Vietnam issued Circular No. 05/2017/TT-BXD on April 05, 2017, which specifies calculating cost associated with making a planning scheme.

According to Circular No. 05/2017/TT-BXD of the Ministry of Construction of Vietnam, calculating cost associated with making a planning scheme is guided as follows:

- The agency assigned to manage the making of plan is responsible for the thrifty and efficient expenditure management and costs associated with other tasks relating to the making of planning. During the cost management process, the agency assigned to manage the making of plan is entitled to hire a consulting organization/individual eligible for making and assessing the planning cost estimates.

- The cost associated with hiring a consulting organization/individual on making planning projects shall be managed in accordance with an agreement. The agreement on making planning is made based on the selection of contractors, negotiation result, and contract conclusion. The content of agreement on making planning must comply with the relevant regulations on contracts, in which the contractual prices, the basis for adjusting contractual prices (if any), the times of advance payment, contractual payment, and products to be done must be specified.

- The agency assigned to manage the making of planning is responsible for the management of the cost associated with making planning according to the contract and relevant regulations.

View more details at Circular No. 05/2017/TT-BXD of the Ministry of Construction of Vietnam, effective from June 01, 2017.

-Thao Uyen-

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