In comparison with the earlier provisions, there are some notable changes in subjects of application and types of construction contract
Accordingly, apart from projects using state capital from 30% and over, subjects that are compulsory to comply with this Decree also include projects using state capital from under 30% but over VND 500 billion of total project investment capital
There are also some amendments, supplements regarding types of construction contract such as: to supplement contract for supply of human force, working machinery and equipment (depending on nature of work); to remove the percentage – based contract; to supplement the combined price contract (depending on contractual price manner), etc.
In addition, construction contracts are also classified depending on relationship of parties involved, including: Main contract, sub-contract, fixed rate contract, and foreign construction contract
|Published||Vietlaw's Newsletter No. 199|
|Hợp đồng xây dựngCập nhật đến: 24-Aug-2023|