Contents of construction contracts in Vietnam ?

Good morning DMS Law firm in Vietnam! What are the contents required in a construction contract in Vietnam ? How about agreement on construction of work with the contractor ? Could your law firm advise on the contents of construction contracts in Vietnam ?

Hi!

Construction contracts in Vietnam, include the following contents:

Applied legal bases;

Language used in the contract

Content and volume of work

Quality, technical requirements of work; pre-acceptance test and handover

Contract performance duration and schedule

Contract price, advance payment, currency used in payment, and payment for the contract

Contract performance security, contract advance guarantee

Adjustment of the construction contract

Rights and obligations of the parties to the construction contract

Liability for violations of the contract, rewards and fines for violations of the contract

Suspension and termination of the contract

Settlement of disputes over the contract

Risks and force majeure events

Settlement and liquidation of the contract

Other contents

For general construction contracts, beside the contents prescribed in Clause 1 of this Article, the management contents and responsibilities of the general construction contractor shall be added.

The Government shall detail construction contracts (Article 141 Law on Construction No. 50/2014/QH13 dated June 18, 2014).

In addition, you may want to refer to other contents mentioned in Decree No. 37/2015/NĐ-CP dated April 22, 2015 providing detailed regulations on construction contract.

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Phone: 0914 165 703 or email: dmslawfirm@gmail.com

Contents of construction contract in Vietnam ?