Vietnam: 05 regulations on appraisal of construction estimates performed by agencies specialized in construction from February 9, 2021

Le Hai

11:59, 27/02/2021

On February 9, 2021, the Government of Vietnam issued Decree 10/2021/ND-CP on management of construction investment cost, replacing Decree 68/2019/ND-CP .

According to Vietnam's Decree 10/2021/ND-CP, details for appraisal of construction estimates performed by agencies specialized in construction from February 9, 2021 are as follows:

Adequacy and legitimacy of application for appraisal of construction estimates; legal basis for determining construction estimates;
Conformity of construction estimates with approved total construction investment; methods of determining construction estimates;
Conformity of construction estimate details under Article 11 of Vietnam's Decree 10/2021/ND-CP with project contents and requirements;
Compliance with Vietnam's regulations and law on application, reference of construction norms systems, construction prices, other necessary tools issued by regulatory authorities; application, reference of cost-related data of similar projects, constructions to determine construction estimates;
List of new estimate indicators, revised estimate indicators (if any) and methods of determining; list of indicators to be surveyed during construction process.

More details can be found in Vietnam's Decree 10/2021/ND-CP, effective from February 9, 2021.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

118 lượt xem

- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn