Headlines 19/02/2021 15:20 CH

Instructions for building cost estimation are now available for use

Trung Tài

On February 9, 2021, the Government promulgates the Decree No. 10/2021/ND-CP on management of investment and construction costs and expenses.

According to this document, building costs and expenses included in construction cost estimates, comprising direct costs, indirect costs, pre-assessed taxable income and value-added taxes, will be determined as follows:

- If direct costs are determined by:

+ detailed construction quantities and unit prices, quantities will be determined by construction work types and detailed construction unit prices will be determined according to Clause 2 of Article 24 of this Decree.

+ general construction quantities and unit prices of groups or types of construction work, construction component or part unit, construction quantities will be determined according to respective groups and types of construction work, construction structure or component units, and prices of work, groups and types of construction work, construction structure and component units will be determined under clause 3 of Article 24 in this Decree.   

- Indirect costs will be determined by percent proportions (%) according to regulations;

- Pre-assessed taxable income will be determined by percent proportions (%);

- Value added tax will be determined as legally regulated.

For more details, please see Article 12 in the Decree No. 10/2021/ND-CP (in force as from the signature date).

>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE

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