This is one of the contents prescribed at the Circular No. 06/2016/TT-BXD dated March 10, 2016 of the Ministry of Construction guiding the determination and management of construction investment costs.
In accordance with this Circular, the construction works price includes the detailed construction unit price of works and the general construction price. The provincial People’s Committee assigns the Department of Construction to coordinate with the relevant agencies to determine and announce the price of constructional materials, construction labor unit price, price of machine shift and constructional equipment, construction price index and works construction unit price as a basis for management of works construction price.
The price of constructional materials must be periodically as per month, quarter; the types of materials generally used must be updated. The price of constructional materials announced must be consistent with the standard of quality, origin and consistent with the market price level at the time of announcement (specify the transportation distance). For the bordering areas between provinces and centrally-run cities, the Departments of Construction need to exchange information before announcement to avoid the great difference. The unit price of construction labor is determined and announced on the basis of guidance of the Ministry of Construction; must be consistent with skill level based on the labor grade in the system of works construction estimate norm; must be consistent with the construction labor price level on labor market of each locality and characteristics and nature of work of construction labor; must meet the requirements for payment of some costs belonging to the employee’s liability for payment under regulations.
This Circular takes effect on May 01, 2016.
