Decree No. 03/2008/ND-CP on Amending and Supplementing Certain Provisions of Decree No. 99/2007/ND-CP dated June 13, 2007 of the Government on Management of Construction Investment Costs.

DECREE

Amending and supplementing some articles of Decree No. 99/2007/NĐ-CP

dated June 13, 2007 of the Government on management of construction investment costs

according to the model attached as Appendix II issued with Decree No. 12/2009/NĐ-CP of the Government

THE GOVERNMENT

Based on the Law on the Organization of the Government dated December 25, 2001;

On the basis of the Construction Law dated November 26, 2003;

Considering the proposal of the Minister of Construction,

DECREE:

Article 1. Amending and supplementing some articles of Decree No. 99/2007/NĐ-CP dated June 13, 2007 of the Government on management of construction investment costs as follows:

1. Amending and supplementing Clause 2 of Article 32 as follows:

"2. The investor shall be responsible for preparing the final account statement of the project's investment capital for completion projects to submit to the investment decision-maker for approval within 12 months for national key projects and Group A projects, 9 months for Group B projects, and 6 months for Group C projects from the date of completion and putting into operation. Within six months from the date of the final account approval decision for completed projects, the investor shall be responsible for settling debts, closing the project's accounts at the payment, lending, and investment capital disbursement agencies. For projects decided upon by the Prime Minister, the Minister of Finance shall approve the final account."

2. Amending and supplementing Clause 1 of Article 36 as follows:

"1. Construction investment projects approved before this Decree takes effect but have not yet commenced implementation or are currently being implemented shall comply with the regulations on management of construction investment costs stipulated in Decree No. 16/2005/NĐ-CP dated February 7, 2005 of the Government on management of construction investment projects, Decree No. 112/2006/NĐ-CP dated September 29, 2006 of the Government amending and supplementing certain provisions of Decree No. 16/2005/NĐ-CP dated February 7, 2005 of the Government, and other relevant legal documents.

In cases where it is necessary to implement the regulations on management of construction investment costs including total investment ceiling; construction project budget estimate; construction norms and prices; contracts in construction activities; payment and final settlement of construction investment capital as stipulated in Decree No. 99/2007/NĐ-CP, the investor shall report to the investment decision-maker for consideration and decision."

Article 2. Implementation clause

This Decree shall take effect fifteen days after its publication in the Official Gazette.