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blue-check Regarding time to adjust price of construction contract package

Official letter No. 397/BXD-KTXD dated February 11th, 2022 of the Ministry of Construction regarding guidelines on contents relating to adjustment to price of construction contract package
Posted: 23/2/2022 3:49:29 PM | Latest updated: 2/3/2022 3:50:25 PM (GMT+7) | LuatVietnam: 5402 | Vietlaw: 550
VietlawOnline

Based on the regulations at clause 1 Article 12 of Decree No. 68/2019/ND-CPstatus1 , the Ministry of Construction assumes that the update on price of a construction contract package (if any) must be carried out before the date of bid opening.

With regard to construction contract packages closed bids before the date on which Resolution No. 108/NQ-CP takes effect, it is not required to update prices of the approved packages. The determination, update of price of construction contract package as the basis for contractor selection must comply with regulations applicable at the time of determination, update.

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 550

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