New Norms on Operating Expenses of PPP Project Management Boards

New Norms on Operating Expenses of PPP Project Management Boards
Duy Thinh

The Ministry of Construction has just issued Decision 1191/QD-BXD regarding the publication of cost norms for the operational activities of project management units under state authorities implementing investment projects in the form of public-private partnerships.

Effective from December 1, 2017, the new norms for the operating costs of the PPP project management board are stipulated based on construction costs and equipment costs (corresponding to costs from VND 10,000 billion to less than or equal to VND 50 billion). Specifically:

- Civil works: norms from 0.145% to 1.113%;- Industrial works: norms from 0.145% to 1.178%;- Transportation works: norms from 0.131% to 1.001%;- Agricultural and rural development works: norms from 0.139% to 1.065%;- Technical infrastructure works: norms from 0.123% to 0.945%;

For detailed information, see the Table of operating cost norms for the PPP project management board at Decision 1191/QD-BXD, issued on November 17, 2017, and replacing Decision 1486/QD-BXD.

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