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THE
MINISTRY OF CONSTRUCTION
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SOCIALIST REPUBLIC
OF VIET NAM
Independence -
Freedom - Happiness
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No.
02/2000/TT-BXD
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Hanoi, May
19, 2000
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CIRCULAR
GUIDING THE
READJUSTMENT OF COST ESTIMATES OF CAPITAL CONSTRUCTION PROJECTS
Pursuant to Article 1 of the Government’s Decree No.10/2000/ND-CP of
March 27, 2000 providing for the minimum wage level of 180,000 dong/month in
enterprises;
Pursuant to the competent agencies’
decisions readjusting electricity, petrol and oil prices;
The Ministry of Construction hereby guides the readjustment of cost estimates
of capital construction projects funded with capital sources defined in
Articles 10, 11 and 12 of the Regulation on Investment and Construction
Management promulgated together with the Government’s Decree No.52/1999/ND-CP of
July 8, 1999, as follows:
I. READJUSTING THE VALUE OF CONSTRUCTION AND
INSTALLATION COST ESTIMATES
1.
Readjusting labor costs:
Labor costs included in the construction and
installation cost estimates of construction projects, which are formulated
according to the current capital construction unit prices set by the provinces
and centrally-run cities, shall be readjusted with coefficient knc = 1.25 fold.
For construction projects, of which the cost
estimates are formulated according to the current capital construction unit
prices set by the provinces and centrally-run cities, and which are eligible
for subsidiary wages, wage allowances and other preferential regimes and
policies, not yet included in the unit prices, or enjoy itinerancy allowance at
a level higher than 20%, or unstable production allowance at a level higher
than 10%, such amounts shall be added to the labor costs under the guidance in
the Appendix to this Circular.
2.
Readjusting the costs of construction machines:
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3.
General costs and pre-calculated taxable incomes:
- General costs: shall be calculated in
percentage (%) against the labor costs already readjusted in the construction
and installation cost estimates. These general costs are specified for each
project type as classified in Table 2, Appendix 2 to the Construction Ministry’s Circular No.08/1999/TT-BXD of
November 16, 1999.
- Pre-calculated taxable incomes: shall be
calculated in percentage (%) prescribed for each project type classified in
Table 2, Appendix 2 to the Construction Ministry’s
Circular No.08/1999/TT-BXD of November 16, 1999 on the direct costs (with
readjusted labor costs and construction machine costs) and the above-said
general costs.
4. Output value added tax: shall be
calculated at the value added tax rate(s) prescribed for construction and
installation activities according to the current regulations on the pre-tax
construction and installation cost estimates value with the above-said costs
already readjusted.
The contents of cost items in the construction
and installation cost estimates value of construction components are specified
in the Appendix to this Circular.
II. READJUSTING OTHER COSTS AND EXPENSES IN
THE TOTAL CONSTRUCTION PROJECT COST ESTIMATES
1.
Readjusting the construction survey cost estimates:
The pre-tax construction survey cost estimates,
which are determined according to the norms of construction survey cost
estimates, issued together with the Construction Ministry’s Decision No.177/BXD-VKT of
July 17, 1995 and Circular No.22/BXD-VKT of July 17, 1995 guiding the setting
and management of construction survey costs, shall be readjusted with
coefficient kks = 1.08 fold.
2. Readjusting the investment and construction
consultancy costs; the construction project designing costs; the expenses for
project management boards:
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Expenses for consultations on compilation of
supplies and equipment procurement bidding dossiers, and for analysis and
evaluation of supplies and equipment procurement bids, which are calculated in
percentage (%) on the supplies and equipment value without value added tax
according to provisions of the Construction Minister’s Decision No.45/1999/QD-BXD of December 2, 1999,
shall be readjusted with coefficient ktvt = 1.11 fold.
Particularly for the urban construction planning
work, the pre-tax cost estimates, which are determined on the basis of the
urban construction planning price index promulgated together with the
Construction Minister’s
Decision No.502/BXD-VKT of September 18, 1996, shall be readjusted with
coefficient khq = 1.07 fold.
III. ORGANIZATION OF IMPLEMENTATION
The readjustment of cost estimates of capital
construction projects under this Circular’s
guidance shall uniformly apply throughout the country as from January 1st,
2000. This Circular shall not apply to the readjustment of cost estimates of
projects subject to international biddings organized in Vietnam and projects being constructed by
foreign contractors in Vietnam.
- For the State’s
important construction projects, which are allowed to formulate their own unit
prices (projects’ capital
construction unit prices), the project unit-pricing boards shall base
themselves on the State’s
regimes and policies allowing their application to such projects as well as the
principles for readjusting cost estimates of capital construction projects
under this Circular’s
guidance, to determine the readjusting levels of labor costs, construction
machine costs and other costs and expenses (if any) in the construction and
installation cost estimates.
- For new investment projects which are to be
executed from the IInd quarter of 2000, the above-said regulatory coefficients
shall be calculated as soon as the projects’
total investment capital is determined.
- For construction projects with work volumes
carried forward from the preceding year to 2000, the investors shall determine
the value of construction volumes already performed by the end of December 31,
1999 as well as the remaining construction volumes to be performed from January
1st, 2000, so as to apply the readjustment of cost estimates of capital
construction projects according to this Circular’s
provisions. Concretely as follows:
1. Cases where cost estimate value is allowed to
be readjusted according to this Circular’s
provisions:
1.1. Construction projects’ construction and installation
work volumes left for continued performance from January 1st, 2000, which are
subject to the form of bidder appointment or bidding under contracts with
readjusted prices (except for the form of bidding under package contracts), but
which have not been completed and tested for acceptance.
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1.3. For construction and installation work
volumes which are newly created but not by the contractors (for the form of
bidding under package contracts and contracts with readjusted prices), and for
which the construction and installation cost estimate prices are set according
to the current capital construction unit prices of the provinces and
centrally-run cities, the regulatory coefficients prescribed by this guiding
Circular shall apply.
1.4. For projects and project components with
their total cost estimates and/or cost estimates having been approved by the
authorities that have decided the investment therein, while the bidding
therefor is not yet or being organized or bidder appointment is not yet or
being made, the investors shall have to readjust such total cost estimates
and/or cost estimates under this Circular’s
guidance, then submit them to the competent authorities for re-approval.
2. Cases where cost estimate value is not
allowed to be readjusted according to this Circular’s provisions:
2.1. Investment projects, with the construction
being carried out in 2000 by the bidding mode of "package contracts"
already approved by the authorities that have decided the investment.
2.2. Work volumes, being performed after January
1st, 2000, for which the pre-acceptance tests have been completed or final
settlements have been made.
Any problems arising in the course of
implementation shall be reported by the concerned ministries, branches and
localities to the Construction Ministry for study and settlement.
FOR
THE MINISTER OF CONSTRUCTION
VICE MINISTER
Nguyen Hong Quan
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APPENDIX
THE GENERAL INDEX
OF CONSTRUCTION AND INSTALLATION COST ESTIMATES OF CONSTRUCTION PROJECT (Attached to the Construction Ministrys Circular No.02/2000/TT-BXD of May
19, 2000)
Ordinal
number
Cost items
Calculation
method
Result
I
Direct costs
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1
Materials cost
m
Σ Qj x Djvl
+ CLvl
j=1
VL
2
Labor cost
F1
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F2
h1n
h2n
NC
3
Construction machine cost
m
ΣQj x Djm
x KMTC
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M
Total direct costs
VL + NC + M
T
II
General costs
P x NC
C
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Pre-calculated taxable incomes
(T + C) x Prescribed percentage
TL
Pre-tax construction and installation cost
estimate value
(T + C + TL)
gXL
IV
Output value added tax
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VAT
After-tax construction and installation cost
estimate value
(T + C + TL) + VAT
GXL
In which:
Qj: Construction and installation work volume
number j;
Djvl, Djnc, F1: Wage allowances (if any) calculated
according to the minimum wage which have neither been calculated nor fully
calculated into the construction unit prices;
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h1n: Coefficient demonstrating the correlation
between the labor cost in the unit prices and the minimum wages of wage groups
number n:
- Group I: h1.1 = 2.342
- Group II: h1.2 = 2.493
- Group III: h1.3 = 2.638
- Group IV: h1.4 = 2.796
h2n: Coefficient demonstrating the correlation
between the labor cost in the unit prices and the grade wages of wage - Group I: h2.1 = 1.378
- Group II: h2.2 = 1.370
- Group III: h2.3 = 1.363
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P: General cost norms (%);
TL: Pre-calculated taxable incomes;
Gxl: After-tax construction and installation
cost estimates value;
CLvl: Difference in materials prices (if any);
TXLGTGT: Value added tax rate prescribed for
construction and installation activities;
VAT: Total output value added tax amount
(including input value added tax paid when materials, supplies, fuels,
energy... are purchased, and value added tax amount that must be paid by the
construction enterprise).-