Headlines 11/09/2021 11:12 SA

Instructions about construction cost estimation are available for use

Quý Tân

According to the Circular No. 11/2021/TT-BXD providing instructions about determination and management of construction investment costs which is in effect as of October, the estimate of costs of a construction contract (with respect to projects funded by public investment, non-public investment state capital and PPP projects) includes the followings:

- Construction costs included in the estimate of costs of the construction contract that are determined according to clause 2 of Article 4 in the Circular No. 11/2021/TT-BXD.

- Based on the specific conditions of each contract, the estimate of costs of the construction contract may be supplemented with one or a number of other relevant costs for performing the jobs falling within the scope of the contract, e.g.:

+ Costs incurred from moving special construction machinery and equipment to and from the construction site;

+ Costs of assurance of traffic safety for construction;

+ Costs of return of technical infrastructure due to impacts during construction;

+ Costs of material storage facilities, etc.

- Contingent costs included the estimate of costs of the construction contract comprise provisions for additional quantity or jobs and provisions against price slippage elements arising during the construction period.

The Circular No. 11/2021/TT-BXD will replace the following documents: Circular No. 09/2019/TT-BXD; Circular No. 11/2019/TT-BXD; Circular No. 14/2019/TT-BXD; Circular No. 15/2019/TT-BXD; Circular No. 16/2019/TT-BXD; Circular No. 18/2019/TT-BXD and Circular No. 02/2020/TT-BXD.

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