Vietnam: Guidance on determination of construction cost estimate according to Circular 13

Vietnam: Guidance on determination of construction cost estimate according to Circular 13
Nguyễn Trinh

On December 26, 2019, the Ministry of Construction of Vietnam issued Circular No. 13/2019/TT-BXD prescribing the management of construction costs of construction projects under National target programs on sustainable poverty reduction and development of new-style rural areas.

According to guidance of Circular No. 13/2019/TT-BXD of the Ministry of Construction of Vietnam, construction cost estimate consists of: construction costs, equipment costs, project management costs, construction consultancy costs, other costs, and cost contingency. To be specific:

- Construction costs: determined for main construction works, auxiliary works, and temporary works serving the construction process, or construction parts or work items.

- Equipment costs: determined according to the Circular providing guidance on determination and management of construction costs.

- Project management costs: equal to 2,763% of the sum of construction costs and equipment costs (excluding VAT) specified in the approval economic-technical report or construction dossier.

- …

View details at Circular No. 13/2019/TT-BXD of the Ministry of Construction of Vietnam, effective from February 15, 2020.

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