Circular No. 11/2012/TT-BXD guiding the calculation and management of construction maintenance costs

On December 25, 2012, the Ministry of Construction issued the Circular No. 11/2012/TT-BXD guiding the calculation and management of construction maintenance costs. Under this Decree, the periodic and irregular repairs of the construction and equipment that cost 500 million VND or more must be included in the technical-economic report, or the project of investment. The owner or authorized person shall make and submit them for appraisal and approval in accordance with the regulations on the construction investment management. On the contrary, the estimate of the cost of the periodic and irregular repairs of the construction and equipment that cost less than 500 million VND shall be made by the one or the authorization, in accordance with the regulations. The construction maintenance cost includes: the cost of the establishment, appraisal, or inspection the construction maintenance process; the cost of the construction maintenance planning; the cost of the regular, periodic, and irregular construction inspection; the construction preservation costs… And the construction preservation costs are shall be estimated according to the method of workload and prices and are calculated based on the ratio. This Circular takes effect on February 01, 2013.

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