Regulations on verification of investment costs in investment projects in Vietnam?

I have a question that needs to be answered as follows: How is the verification of investment costs in an investment project done in accordance with current laws? How is the investment cost verification principle regulated? Thank you!

What is the way to verify the investment cost?

Pursuant to Clause 1 Article 40 of Decree No. 99/2021/ND-CP prescribing the principles for auditing investment costs as follows:

- Verification of the observance of contractual terms and the decision approving contractor selection results issued by competent authorities; type of contract (regardless of form of contractor selection)., Checking the general data of costs and items made by the investor in the settlement report Where necessary, the verifying authority shall inspect as-built documents to determine the quantities of completed work that has been accepted as prescribed.

- Cost of construction of temporary works, auxiliary works for construction, cost of construction of temporary housing for dwelling and construction administration at the construction site is designed and estimated separately for items: conduct verification as for verification of independent construction package.

- Cost of construction of temporary works, ancillary works for construction, cost of construction of temporary housing for dwelling and construction administration at the construction site is calculated by the percentage (%) in the main construction package (without design and cost estimate): verification of the application of the percentage (%) on the basis of result of verification of main construction package.

- Where costs of construction of temporary works, auxiliary works, construction camps for accommodation and execution are all-inclusive: verification similarly to verification of construction package in the form of all-inclusive contract.

Regulations on verification of investment costs in investment projects in Vietnam?

Verification of costs of compensation, assistance and relocation is done as how?

Verification of costs of compensation, assistance and relocation is specified in Clause 2 Article 40 of the Decree No. 99/2021/ND-CP, in particular:

- Cost of compensation, assistance and relocation carried out by the investor or organization in charge of compensation and site clearance: compare the cost statement with the cost estimate specified in the plan for compensation, assistance and relocation, cost estimate of compensation, assistance and relocation approved by a competent authority, the list of entities receiving compensation signed by the competent authority to determine the final cost. The cost of compensation, assistance and relocation shall be covered by the compensating organization according to applicable regulations on the estimate, use and final payment of budget for compensation, assistance and relocation upon land expropriation by the State.

- The value of technical infrastructure works of which settlement has been approved by the competent person: Based on the decision on approving the settlement of the competent person, the written payment request of the investor of technical infrastructure works and payment vouchers to determine the value of expenses for the invested technical infrastructure works.

Khanh Linh

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