Question
Answer
How many types of construction contract are there in Vietnam ?
Construction contract shall be categorized according to the characteristics and contents of work to be performed and applied contract prices.
According to the characteristics and contents of work to be performed, construction contracts include:
Construction consultancy contract
Work construction contract
Contract on supply of equipment for installation in construction work
Contract on designing, procurement of supplies and equipment and construction, turnkey contract
Other construction contract
According to the form of applied contract price, construction contracts include:
Package contract
Fixed unit price-based contract
Adjustable unit price-based contract
Time-based contract
Charge-plus cost-based contract
Other construction contract
Construction contract using state funds may only use types of contract prescribed at Points a, b, c and d of this Clause or a combination of these types of contract (Article 140 Law on Construction No. 50/2014/QH13 dated June 18, 2014)./.
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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).