Cost elements of the bid cost estimate in Vietnam?

What are regulations on cost elements of the bid cost estimate in Vietnam?

Pursuant to Article 5 of the Circular 11/2021/TT-BXD stipulating regulations on cost elements of the bid cost estimate in Vietnam as follows:

- The estimate of costs of a construction bid is composed of several or all of the following cost components: Construction costs, other associated costs and contingency costs of the bid package.

- The estimate of costs of an equipment purchase contact is composed of several or all of the following cost components:

Costs of purchase of construction equipment and technological equipment; costs of manufacturing of equipment; costs of equipment purchase management; costs of purchase of copyrighted software for equipment; costs of training, technology transfer; transportation costs; other relevant costs and contingency costs of the bid.

- The estimate of costs of an installation contact is composed of several or all of the following cost components: Costs of installation, testing or calibration; costs of trial operation of equipment subject to technical requirements; other relevant costs and contingency costs for the bid.

- The estimate of costs of a construction investment consultancy bid is composed of several or all of the following cost components: Costs incurred from performing construction investment consulting work; other costs and contingency costs of the bid.

- Estimate of costs of the mixed bid (including the estimate of the bid prescribed in clause 2 of Article 17 in the Decree No. 10/2021/ND-CP): Depending on the specific extent, attributes and conditions of the bid, the estimate of the mixed bid is composed of several or all of cost components of the bid specified in clause 1, 2, 3 and 4 of this Article.

What are regulations on estimate of costs of the construction bid in Vietnam?

Pursuant to Clause 1, Article 6 of the Circular 11/2021/TT-BXD stipulating regulations on estimate of costs of the construction bid in Vietnam as follows:

- Construction costs included in the estimate of costs of the construction bid are determined according to clause 2 of Article 4 herein.

- Based on the specific conditions of each bid, the estimate of costs of the construction bid may be supplemented with one or a number of other relevant cost items for performing the jobs falling within the scope of the bid, such as: Expenses for movement of special-purpose machines and equipment to and out of the construction site; expenses for ensuring traffic safety for construction activities; expenses for restoration of technical infrastructure affected by construction activities; costs of material storage facilities; expenses for construction of sheds or canopies for machines, machine foundations, electricity, compressed air and water supply systems at construction sites, installation and dismantlement of cement or asphalt concrete mixing plants, gantry cranes, tower cranes, some other building machines and equipment having similar characteristics, and several cost items related to the bid.

- Contingency costs included the estimate of costs of the construction bid comprise provisions for quantities or jobs and provisions against price slippage elements arising during the construction period.

Best regards!