GUIDANCE ON DETERMINATION OF CONSTRUCTION WORK MAINTENANCE COSTS
The Ministry of Construction promulgates the Circular No. 14/2021/TT-BXD on guiding the determination of construction work maintenance costs on September 8, 2021.
According to this Circular, construction work maintenance costs shall be determined by cost estimation. Estimates of construction work maintenance costs cover costs for performance of annual maintenance jobs, costs for repair of construction works, costs for consultancy serving maintenance of construction works, other costs, and costs for maintenance management by construction work owners or managers/users.
In case the repair of a construction work requires a cost of VND 500 million or more, the estimate of costs for repair of such construction work shall be determined under the Ministry of Construction’s circular guiding a number of provisions on the determination and management of construction investment costs.
In addition, the cost for maintenance management by construction work owners or managers/users shall be determined as follows: In case the repair of a construction work requires a cost of under VND 500 million, the cost for maintenance management shall be equal to 3.5% of the total cost for performance of annual maintenance jobs, cost for repair of construction works, expense for consultancy serving maintenance, and other costs/expenses; etc.
This Circular takes effect on November 01, 2021.
