As of March 01, 2017, the following cost norms newly defined in the Decision No. 79 shall take effect, for example, against a project whose total cost of construction and equipment (excluding VAT) is VND 10 billion or less:
- Management cost norm for civil construction is 3.282%;
- Management cost norm for industrial construction is 3.453%;
- Management cost norm for transport construction is 2.936%;
- Management cost norm for agricultural and rural development is 3.108%;
- Management cost norm for technical infrastructure is 2.763%.
Decision No. 79/QD-BXD comes into force as of March 01, 2017 and replaces the 2009's Decision No. 957/QD-BXD .
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