Vietnam: Rules for determining costs for construction planning

10:20, 14/06/2017

Circular No. 05/2017/TT-BXD was issued by the Ministry of Construction of Vietnam on April 05, 2017, which specifies rules for determining costs for construction planning.

According to Circular No. 05/2017/TT-BXD of the Ministry of Construction of Vietnam, rules for determining costs for construction planning include:

- The costs associated with construction planning and urban planning shall be calculated accurately and sufficiently and in conformity with characteristics, nature, and requirements pertaining to each kind of planning work.

- Cost standards are quoted in Appendix enclosed with this Circular for the purposes of reference and use in the determination and management of costs associated with construction planning and urban planning. If the scale of the planning project (hereinafter referred to as plan) lies between the two scales prescribed in this Circular, the cost standards shall be determined according to the interpolation method.

- The cost estimation shall apply to the case of making a construction plan or an urban plan of which the scale is greater than that mentioned in this Circular or of which the respective cost standards prescribed in this Circular are neither available nor appropriate.

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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