Circular No. 27 DT/TC guides the provision of capital for payment of completed basic construction products, applicable to investment management agencies and project sponsors. The Circular stipulates conditions, procedures, and the sequence of capital provision, emphasizing strict inspection of quantity and quality of construction products.
Đối tượng áp dụng
Investment management agencies, project sponsors, financial authorities at all levels
Các điểm cốt lõi
- shall be provided with capital for payment of completed basic construction products when the work has been completed according to design and handed over for acceptance in accordance with regulations (Article 1)
- Project sponsors must submit documents such as investment plans, decisions on establishment of project management boards, and contracts for construction works (Article 3)
- Project sponsors must organize acceptance, handover of products, and prepare documents to request capital for payment (Article 4)
- Financial authorities must inspect and approve capital within five to seven days from receipt of documents from project sponsors (Article 5)
- The sequence of capital provision shall be carried out in accordance with regulations, ensuring consistency between financial authorities and investment banks (Article 5)
🌐 Tác động xã hội từ văn bản này
- Positive impact: Helps project sponsors quickly pay for construction products, ensuring project schedules.
- Negative impact: May impose administrative burden on related parties due to the requirement to provide numerous documents and certificates.
❓ Câu hỏi thường gặp
What conditions must be met to obtain capital for payment of completed basic construction products?
To obtain capital, the construction product must have completed work according to design and been handed over for acceptance in accordance with regulations (Article 1).
What documents must project sponsors provide to financial authorities?
Project sponsors must submit investment plans, decisions on establishment of project management boards, and contracts for construction works (Article 3).
How long does it take for financial authorities to approve capital?
Financial authorities must inspect and approve capital within five to seven days from receipt of documents from project sponsors (Article 5).
What actions should project sponsors take after completing basic construction products?
Project sponsors must organize acceptance, handover, and prepare documents such as acceptance records, lists of products requesting capital (Article 4).
What will financial authorities inspect?
Financial authorities will strictly inspect quantity, quality, and completed basic construction products requesting capital (Article 6).
Toàn văn
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness ------------------------------ |
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Number: 27 DT/TC |
Hanoi, September 13, 1983 |
CIRCULAR
Guidelines for allocating funds to settle completed basic construction products
To facilitate the implementation of Circular No. 06-TT/LB dated July 14, 1983 issued jointly by the Ministry of Finance and the State Bank, the Ministry of Finance provides the following main guidelines on allocating funds to settle completed basic construction products in basic construction investment:
1. Allocation of funds to settle completed basic construction products shall only be carried out when the following conditions are met:
a) All construction and installation works have been completed according to the scale, volume, and quality specified in the approved technical design and budget estimate, ensuring readiness for use in accordance with the construction progress plan and the plan for mobilizing production capacity and services.
b) They have been inspected and handed over in accordance with the state regulations on inspection and handover of completed projects.
2. Depending on the nature, characteristics, and scale of each type of project, the determination of completed basic construction products eligible for fund allocation for settlement is specified separately for each type of product concerning construction and installation, equipment, and basic construction as mentioned in Section III, Points 8, 9, and 10 of Circular No. 06-TT/LB dated July 14, 1983.
3. To ensure that financial authorities can allocate sufficient funds and be ready to provide funds to settle completed basic construction products, investors (regardless of the source of investment capital) must submit the following documents to the financial authority directly responsible for approving the allocation of funds:
a) The annual basic construction investment plan approved by the state.
b) The plan for allocating funds to settle completed basic construction products (investment capital plan).
c) Decision on establishing the project management board.
d) Contract for construction and installation work.
4. When there are completed basic construction products, the following tasks must be performed:
a) Investors must organize inspections and handovers in accordance with state regulations and send the following documents to the financial authority directly responsible for approving the allocation of funds:
+ Inspection and handover report of completed basic construction products for production and use.
+ List of completed basic construction products requesting fund allocation for settlement in accordance with the conditions stated in Point 1 and 2 above and according to the prescribed form (three copies).
+ Other related documents (if any).
b) The list of completed investment products requesting fund allocation for settlement is based on the approved total investment amount of the project and the detailed estimates of each sub-project or major work already completed according to the structure of construction and installation capital, equipment, and other basic construction costs, and analyzed by the source of investment capital (state budget, credit, self-owned, and raised capital).
In the section analyzing the requested capital for settling completed basic construction products by source of capital, it must clearly state:
+ The amount of capital requested for settling completed basic construction products this period is determined according to the list of completed basic construction products requesting fund allocation for settlement (Point 3, columns 7, 8, 9, and 10 in the list of completed investment products).
+ The reduction of self-raised capital including the value of labor days, materials, and capital contributed by cadres, workers, and people participating in the construction project under the principle of "State and People Together".
+ The remaining capital to be allocated for settlement this period is the amount after deducting other types of capital already raised and used for the project. (Subtract index 2 from index 1 at Point 4 in the list of completed investment products).
In the capital allocated for settlement this period, for projects invested with self-owned capital and bank loans, it is divided into:
+ Self-owned capital portion.
+ Credit capital portion.
For projects invested with state budget capital, there are no two portions mentioned above.
From the capital allocated for settlement this period, the investor must first repay any advance payments (if any), pay off debts and interest on various loans from the Investment and Construction Bank, and then settle accounts with the contractors.
5. The procedure for allocating funds to settle completed basic construction products is as follows:
Upon receiving the documents from the investor requesting fund allocation for settlement, the financial authority directly responsible for allocating funds must conduct a review and approve the allocation within 5 to 7 days (counted from the date the financial authority receives the request for fund allocation).
To ensure that the financial authority and the Investment and Construction Bank can allocate funds for settlement for the agreed part between the two parties, the financial authority records its approval for fund allocation for settlement and sends one copy to the bank, one copy to the investor, and retains one copy at the financial authority. The financial authority will only settle accounts with the Investment and Construction Bank for the agreed part of the settlement.
If there is disagreement between the financial authority and the Investment and Construction Bank regarding the allocation of funds, unresolved issues must be reported to higher-level financial authorities and banks for resolution, while the agreed part should proceed immediately with the allocation of funds for settlement.
6. Financial authorities must strictly check settlement documents, especially delving deep into the quantity, quality, and completed basic construction products requesting fund allocation for settlement.
This circular takes effect from the date of signature. Previous regulations on allocating funds to settle completed basic construction products that conflict with this circular are no longer effective.
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THE MINISTER OF FINANCE (Signed)
Chu Tam Thuc |
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