Headlines 16/09/2021 15:09 CH

Methods for determination of maintenance expenses bore by construction project owners are now announced

Kim Thi

On September 8, 2021, the Minister of Construction promulgates the Circular No. 14/2021/TT-BXD providing instructions on the determination of construction project maintenance expenses.

According to this Circular, maintenance expenses borne by owners or operators or users of construction projects will be determined as follows:

- As for the maintenance job incurring less than VND 500 million, the maintenance expense equals

+ 3.5% of the sum of costs of annual maintenance jobs, repair costs and maintenance consulting costs.

+ And other costs prescribed in clause 1, 2, 6 and 7 of Article 3 in this Circular.

- As for the maintenance job incurring at least VND 500 million and subject to the requirements for preparation of an economic - technical feasibility report or an investment project for repair of construction project, the maintenance expense equals:

+ 3.5% of the sum of costs of annual maintenance jobs and maintenance consulting costs.

+ And other costs prescribed in clause 1, 6 and 7 of Article 3 in this Circular, respectively.

Circular No. 14/2021/TT-BXD is entering into force as of November 1, 2021, replacing the Circular No. 03/2017/TT-BXD dated March 16, 2017.

>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE

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