. This term paper is based in different data sources, from academic works of Angolans university students, dialogues with professionals on the field, articles and webpages covering the matter. All information was later reviewed to assure their veracity. The source of materials for this work was taken from the book The Cost of Infrastructure Development in Angola Authors: Tina Soreide, Alves da Rocha, Nelson Pestana, Regina Santos, António Costa . The report is the result of a joint research project between Centro de Estudos e Investigação Científica (CEIC) at the Universidade Católica de Angola (UCAN) in Angola and Chr. Michelsen Institute (CMI), an independent research institute in Norway . The initial idea to conduct the study came from OSISA (Open Society Angola). The idea was supported by the World Bank, which hired a consultant, Jill Wells, who gave useful inputs to the study. The aim of this documented research is to cover the construction sector in Angola by given few notes about the historical/ economical and partially political facts so that the reader can understand the principal topics of its work which are the building budget, construction object, construction contractor, contractor and investor in the Republic of Angola Key words: Angola, Luanda, Budget, Construction, Contractor, Investment, Building, Building Budget, Construction Object, Investor. Cost Estiimation of a Construction Object in Angola NVB025 Construction Valuation 2 Table of Contents 1 Introduction ................................................................................................................................ 3 1.1 Terminology ........................................................................................................................ 4 1.2 Overview ............................................................................................................................. 4 2 Building budget ........................................................................................................................... 6 2.1 Investments priorities ....................................................................................................... 10 2.2 Project proposal ................................................................................................................ 12 2.3 Project Funding ................................................................................................................. 13 2.4 National Budget ................................................................................................................ 13 3 Construction .............................................................................................................................. 16 3.1 Construction planning ....................................................................................................... 17 4 Contractor ................................................................................................................................. 19 4.1 Competition ...................................................................................................................... 19 4.2 Differences between legal stipulations and practice ........................................................ 22 4.3 Procurement – Tender competition ................................................................................. 23 4.3.1 The procedures as stipulated by the law .................................................................. 23 4.3.2 Details of the contracts as stipulated by procurement law ...................................... 27 4.3.3 Empirical investigation of how regulations are respected in practice ...................... 28 4.4 Inspection .......................................................................................................................... 30 5 Investor ..................................................................................................................................... 32 5.1 Public Investment ............................................................................................................. 32 5.2 Planning for investment .................................................................................................... 33 5.2.1 Law enforcement ...................................................................................................... 37 5.3 Decision making ............................................................................................................... 37 6 Conclusion ................................................................................................................................. 39 7