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The allowed case of signing an extension appendix of contract

Fri, 11 Aug 2017 18:14:33 PM GMT + 7    Print   Email   Share:

(Chinhphu.vn) –Through the receiving system, responding to the recommendations of enterprises on the Government Portal, the Ministry of Construction has issued a document to guide Dai Phat Hong Dan Construction Consultant Limited Company (in Bac Lieu Province)  about contents  to extend and adjust the price of construction contract.

Dai Phat Hong Dan Construction Consultant Company Limited signed a construction consultancy contract on 1/6/2016 with a 30-day implementation period, excluding appraisal and approval time. However, in August 2016, the company's profile was approved by the competent authority, where the approval value was lower than the value of the contract.

Dai Phat Hong Dan Construction Consultant Limited Company signed a construction consultancy contract on 1/6/2016 with a 30-days implementation period, excluding appraisal and approval time. However, in August 2016, the company's profile was approved by the competent authority, where the approval value was lower than the value of the contract.

In order to have sufficient basis for settlement and payment, the company signs appendix appendices at reduced value based on the approval results. However, the time of signing the contract appendix is beyond the contract period, therefore, the Company's balance sheet has not been disbursed.

How long does it take for the contract to take effect from the effective date of the contract until the parties have fulfilled their obligations under the signed construction contract? How to complete the settlement  and payment procedure for above construction?

Regarding this issue, The Ministry of Construction responds as follows:

Pursuant to Clause 1, Article 14 of the Government's Decree No. 37/2015 / ND-CP of April 22, 2015 on contracts in construction activities, the contract performance duration shall be counted from the date the contracts take effect. Until the parties have fulfilled the obligations under the signed construction contract. Therefore, in the event that the parties have not fulfilled their obligations under the signed contract, the contract shall remain valid.

Dai Phat Hong Dan Construction Consulting Ltd Company shall need to sign contracts with the developer and adjust the price of the contract on the basis of the price. The treatment is approved by a competent authority

  • By : Online Newspaper of the Government / Translator: HaiYen-Bizic

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