| THE MINISTRY OF CONSTRUCTION ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom - Happiness ------------ |
| No: 01/2002/TT-BXD | Hanoi, January 07, 2002 |
CIRCULAR
GUIDING THE EXECUTION OF PROJECTS IN FORM OF ENGINEERING-PROCUREMENT-CONSTRUCTION (EPC) CONTRACTS
In furthering its functions, tasks and powers defined in the Government’s Decree No. 15/CP of March 4, 1994 the Ministry of Construction hereby guides a number of contents on the execution of projects in form of engineering-procurement-construction contracts (turn-key contracts), which are prescribed in Article 62 of the Regulation on Investment and Construction Management, issued together with the Government’s Decree No.52/1999/ND-CP of July 8, 1999, as follows:
I. GENERAL PROVISIONS
1. This Circular guides the application of form of engineering-procurement-construction contracts to projects and bidding packages with the use of State budget capital, State-guaranteed credit capital, State’s development investment credit capital and State enterprises development investment capital, which has been approved in the investment decisions (for projects) or bidding plans (for bidding packages).
2. Projects and bidding packages executed in form of engineering-procurement-construction contracts with foreign direct investment capital or other capital sources may also apply the provisions of this Circular together with the regulations or agreements of the capital-providing organizations.
3. Interpretation of words and phrases
3.1. Engineering-procurement-construction contract (abbreviated to EPC contract) or turn-key contract means the written agreement concluded between a project investor and a contractor or a contractor partnership (referred collectively to as general EPC contractor) for performing the jobs on designing- provision of supplies, equipment and technical services- construction and installation of a project or bidding package.
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