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To complete the system of investment capital and general construction price

15:39 | 01/07/2022

(Construction) - On June 30, the Institute of Construction Economics held directly and online the seminar " To complete the system of investment capital and general construction price”. Deputy Minister of Construction Bui Hong Minh attended and chaired the seminar.

to complete the system of investment capital and general construction price
Deputy Minister of Construction Bui Hong Minh attended and chaired the seminar.

Speaking at the seminar, Deputy Director of the Institute Nguyen Tan Vinh said that recognizing the important role of the system of investment capital rate and aggregated construction price to determine and manage construction investment costs, the Institute had organized the seminar to meet practical needs and complete the system of construction investment management tools.

Besides, Dr. Nguyen Viet Hung and Dr. Paul Martin of the University of California shared details of US experience in determining and applying the aggregated construction prices, experience in determining the cost of transportation projects in California. Deputy Minister of Construction Bui Hong Minh emphasized that it was necessary to have research to innovate the system, which can be designed on the basis of specific calculations to be applied in practice.

At the same time, Deputy Minister Bui Hong Minh proposed some important contents. He pointed out the necessity of estimation of the capital amount in the future. The applied formula should be reviewed, there must have a standard formula to calculate the effective investment rate, in the direction of updating the current price for the investment rate from time to time. The related parties can refer to the method and design of EVN.

Deputy Minister Bui Hong Minh said that the formula must determine the efficiency of public works according to investment projects of enterprises and private owners; In the formula of the investment rate, the principle of efficiency and feasibility of the capital rate must be determined. It was necessary to encourage innovation and creativity in science and technology and determine the labor productivity.

On that basis, he suggested that the Department of Construction Economics, Institute of Construction Economics should closely coordinate with universities and localities to expand more participants and create conditions for the parties to have more comments and proposals. From these, problems should be solved and continued to complete the system for better application. In conclusion, Director Le Van Cu said that the Institute will receive suggestions to complete the system, and coordinate with the Department of Construction Economics to develop more plans in the next phase.

By Khanh Phuong

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