Circular 24/2016/TT-BXD on Management of Construction Investment Projects

Compared with Circular 17/2016, Circular 24/2016 amended some contents as follow:

Amend the regulations on the practicing certificate that have been granted before the time the Circular 17 takes effect as follows:

+ With the certificate stating the validity period, it is entitled to continue to use until expiration. For one that does not state the validity period, it can be used until June 30^th 2016.

+ Circular 24/2016/BXD prescribes that from the date that Circular 17 took effect, individuals that have the above-mentioned certificates, if there is demand for conversion then it could be implemented in accordance with Circular 17/2016. If there is no demand for conversion, then the level of the practicing certificate is defined as follows: Based on the conditions on the issuance of practicing certificate in Decree 59/CP to implement the declaration and self-identified the level of practicing certificate.

+ Individuals that have the construction supervision/construction design certificates are allowed to practice construction inspection till December 31^st 2016.

+ Individuals have the practicing certificate expired from the date March 1^st 2016 are allowed to continue to practice till end of December 31^st 2016.

In addition, Circular 24 also amend and supplement some issues as follows:

+ The appendix on the declaration of professional work experience and determine the construction practicing certificate level.

+ The appendix on the symbol of the issue place of the construction practicing/construction capability certificates.

Regulations on examination, certification of the practicing certificate will be implemented from December 1^st 2016.

Compared with Circular 18/2016/TT-BXD, Circular 24 abolishes Paragraph 3 of Article 13 on the evaluation, design and cost estimation of construction project.

Circular 24/2016/TT-BXD takes effect from September 1^st 2016.

We help clients overcome cultural barriers and achieve their strategic and financial outcomes, while ensuring the best interest protection, risk mitigation and regulatory compliance. ANT Lawyers has lawyers in Ho Chi Minh city, Hanoi, and Danang, and will help customers in doing business in Vietnam.