| THE GOVERNMENT | SOCIALIST REPUBLIC OF VIET NAM |
| No: 32/2015/ND-CP | Hanoi, March 25, 2015 |
DECREE
ON THE CONSTRUCTION COST MANAGEMENT
Pursuant to the Law on Government organization dated December 25, 2001;
Pursuant to the Law on Construction dated June 18, 2014;
At the request of the Minister of Construction;
The Government promulgates a Decree on construction cost management.
Chapter I
GENERAL PROVISIONS
Article 1. Scope of adjustment
1. This Decree deals with management of construction costs including total construction investment, construction estimate, construction contract estimate, construction norms, construction prices, construction price indexes, project management and construction consultancy cost, payment for and finalization of construction contracts; reimbursement and statement of construction capital; rights and obligations of investment deciders, investors, building contractors, advisory contracts for construction cost management.
2. With regard to construction projects funded by official development assistance (ODA), if an international agreement to which Socialist Republic of Vietnam is a signatory is in contravention of this Decree, regulations of such international agreement shall apply.
Article 2. Subject of regulations
1. This Decree applies to every organization and individual (hereinafter referred to as entity) related to construction cost management of projects funded by state budget and external-source state capital prescribed in Clause 1 and Clause 2 Article 60 of the Law on Construction.
2. Regulations of this Decree may be applied to management of construction costs of projects funded by other sources.
Article 3. Construction cost management principles
1. Construction cost management must ensure achievement of investment targets and project proficiency which have been approved, appropriate for construction investment procedures prescribed in Clause 1 Article 50 of the Law on Construction and capital sources. Construction costs must be calculated correctly and sufficiently for each project, construction, contract, conformable with design requirements, technical instructions, construction conditions, market prices at that time, and the construction site.
2. The State shall manage construction costs by promulgating legal documents, providing instructions, and inspect the implementation thereof; providing instructions on method for estimating and managing construction costs.
3. Investors are responsible for construction cost management from the project preparation stage to the completion and inauguration of the project up to the approved total investment, including the case in which the total investment is adjusted prescribed in Article 7 of this Decree. Investors may hire cost management advisors that are qualified as prescribed in the Decree on construction project management to estimate, examine, control, and manage construction costs.
