The Government issued the Decree No. 32/2015/ND-CP dated March 25, 2015 on the construction cost management including total construction investment, construction estimate, construction contract estimate, construction norms, construction prices, construction price indexes, project management and construction consultancy cost, payment for and finalization of construction contracts; reimbursement and statement of construction capital….
In accordance with regulations in this Decree, construction prices include specific construction unit costs that are the basis for determining the construction estimate; overall construction prices of groups, types of works, structure units, or construction parts that are Unit the basis for determining the construction estimate and total construction investment. Specific construction unit prices are determined according to construction norms, prices for materials, structures, labor costs, equipment cost per shift, and other costs that are suitable with market prices in the same area as the construction site at that time and conformable with relevant regulations; or determined according to market prices. Overall construction prices are determined according to specific construction unit.
Construction costs must be calculated correctly and sufficiently for each project, construction, contract, conformable with design requirements, technical instructions, construction conditions, market prices at that time, and the construction site. Investors are responsible for construction cost management from the project preparation stage to the completion and inauguration of the project up to the approved total investment, including the case in which the total investment is adjusted. Investors may hire cost management advisors that are qualified on construction project management to estimate, examine, control, and manage construction costs.
This Decree takes effect on May 10, 2015.
Source: luatvietnam.vn
