Chapter III
WORK CONSTRUCTION COST ESTIMATES
Article 8.- Contents of work construction cost estimates
1. The work construction cost estimates (below referred to as work cost estimates) are determined according to specific construction works and serve as a basis for investors to manage work construction investment expenditures.
2. The work cost estimates are formulated on the basis of work volumes determined according to technical designs or construction drawing designs, the works tasks to be performed and work construction unit price, the expenditure norms calculated in percentage (%) (below referred to as percentage norms) necessary for the performance of such work volumes and tasks.
3. The work cost estimate contents include the construction expenses, equipment expenses, project management expenses, construction investment consultancy expenses, other expenses and reserve expenses.
Article 9.- Work cost estimation
1. Work cost estimates are formulated as follows:
a/ The construction expenses are estimated for the works, principal work items, tasks of specific works and determined by cost estimation. For supporting works, temporary works in service of construction, makeshifts for dormitory and construction administration, the construction expenses are determined by way of cost estimation or percentage norms;
The construction expenses include direct expenses, general expenses, pre-calculated taxable incomes and value-added tax, expenses for construction of makeshifts at construction sites for dormitory and construction administration;
b/ The equipment expenses in the work cost estimates include expenses for equipment procurement, including expenses for training and technology transfer, if any; expenses for equipment installation, expenses for experiment, adjustment and other relevant expenses, if any;
The equipment procurement expenses are determined on the basis of volumes, quantities and categories of equipment to be purchased or processed and the equipment purchase or processing prices. The expenses for training and technology transfer, expenses for equipment installation, expenses for experiment and adjustment and other relevant expenses (if any) are determined through estimation;
c/ The project management expenses include expenses necessary for investors to organize the project management. The project management expenses are determined by percentage norms;
d/ The construction investment consultancy expenses include expenses for consultancy on construction investment project formulation, designing, construction supervision, verification consultancy and other construction investment consultancy expenses. The construction investment consultancy expenses are determined by percentage norms or estimation;
e/ Other expenses include expenses not yet specified at Points a, b, c and d, Clause 1 of this Article and are determined by estimation or percentage norms;
f/ The reserve expenses for arising work volumes are calculated in percentage of all the expenses specified at Points a, b, c, d and e, Clause 1 of this Article. The reserve expenses for drift of prices are calculated on the basis of the length of the work construction duration and annual construction price indexes suitable to types of construction works.
2. For small-sized works only requiring the formulation of econo-technical reports, the total investment is the work cost estimates.
3. For projects with many works, investors may determine the total cost estimates of the projects to serve the project management. The total cost estimates of projects are determined by way of aggregating all estimates of works under the projects.
Article 10.- Verification and approval of work cost estimates
1. Investors shall organize the verification of work cost estimates before approval. The verification covers:
a/ Examination of the consistency of the key estimated volume with the designed volume;
b/ Examination of the properness and rationality of the application of work construction unit prices, percentage norms, consultancy expense estimates and other expense estimates in the work cost estimates;
c/ Determination of value of work cost estimates.
2. If investors have no conditions or capability to conduct the verification, they may hire organizations or individuals that satisfy the capability and experience conditions to verify the work cost estimates. Consultancy organizations and individuals verifying work cost estimates are answerable to law and investors for the verification results.
3. Investors approve work cost estimates after making verification and are answerable to law for the approval of work cost estimates. Approved work cost estimates serve as a basis for determining bidding package prices, construction costs and as a basis for negotiation and conclusion of contracts with, and payment to, contractors in case of appointment of contractors.
4. Works or work items financed by state budget capital must be accompanied with approved designs and cost estimates when their construction starts.
Article 11.- Adjustment of work cost estimates
1. Work cost estimates are adjusted in the following cases:
a/ The cases provided for in Clause 1, Article 7 of this Decree;
b/ Cases the alteration or supplementation of designs, which does not contravene the base design, is permitted or the structure of expenses in the cost estimate changes but does not exceed the approved work cost estimate, including reserve expenses.
2. Investors organize the verification and approval of adjusted work cost estimates.
Tìm kiếm
Nghị định 99/2007/NĐ-CP (Bản Word)