Question
Answer
Contents of construction contracts in Vietnam ?
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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DMS Law firm in Vietnam
Director
(Signed)
Lawyer Do Minh Son
RELATING ITEMS
Law on Construction in Vietnam
Law on Construction in Vietnam No. 50/2014/QH13 dated June 18, 2014 took effect on January 01, 2015 (replaced the Law on Construction No. 16/2003/QH11 dated November 26, 2003, Law No. 38/2009/QH12 dated November 13, 2009).