Hong Kong Ordinances

CONSTRUCTION WORKERS REGISTRATION ORDINANCE - SECT 20

Value of construction operations

(1) For the purposes of this Part, "value" (價值), in relation to
construction operations, means—

   (a)  where the construction operations are carried out under a
        construction contract, the consideration attributable to such
        operations, as stated in, or ascertainable by reference to, the
        contract; or

   (b)  where the construction operations are not carried out under a
        construction contract, the reasonable consideration to be expected on
        the open market in respect of the carrying out of such operations.

(2) Notwithstanding subsection (1)(a), if in a particular case the
consideration attributable to the construction operations concerned as
determined in accordance with that subsection is below the reasonable
consideration to be expected on the open market in respect of the carrying out
of such operations, that subsection shall be deemed to contain a reference to
the reasonable consideration described in this subsection instead of the
consideration described in that subsection.

(3) For the purposes of subsections (1)(b) and (2), the Authority may, when
ascertaining the reasonable consideration as referred to in those subsections
in respect of the carrying out of any construction  operations, have regard to
all or any of the following matters—

   (a)  the cost or value of materials used in the construction  operations;

   (b)  the cost or value of time, work and labour involved in the
        construction operations;

   (c)  the equipment used in the construction operations;

   (d)  such overhead costs incurred in relation to the construction 
        operations as the Authority considers reasonable;

   (e)  the reasonable profit to be expected on the open market in respect of
        the carrying out of the construction operations;

   (f)  any other factors that the Authority considers appropriate.

"value" (價值)