DECREE DETAILED REGULATIONS ON CONSTRUCTION CONTRACT
|Issue Date:||Apr 22, 2015|
|Effective Date:||Jun 15, 2015|
|Sign by:||Nguyen Tan Dung|
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 the Decree detailing construction contract
1. This Decree provides detailed regulations on construction contract
2. This Decree applies to organizations, individuals concerning formulation and management of the performance of construction contract for construction projects (including construction contract between investors in BOT, BTO, BT and PPP projects and contractors for project packages) as follows:
a) Construction projects by regulatory agencies, political organizations, socio-political organizations, political-social-occupational organizations, socio-occupational organizations, social organizations and units affiliated to People’s armed forces and public service providers;
b) Construction projects by state-owned enterprises;
c) Construction projects that are not defined in Points a, b of this Clause but use state capital, corporate capital from 30% and over or from under 30% to over VND 500 billion of total project investment capital;
Relevant organizations, individuals using other capital sources are encouraged to apply provisions set out hereof.
3. As for construction contract for ODA projects, provisions set out in the International Agreement to which Vietnam is a signatory shall be exercised in case they are different from provisions set out hereof.