6Application of Part—contracts with value of at least $20 million

#### 6 Application of Part—contracts with value of at least $20 million 6 Application of Part—contracts with value of at least $20 million > > (1) This Part applies to a head contractor if the head contractor’s construction contract with the principal (the main contract) has a value of at least $20 million (the $20 million threshold). > > > (2) The value of a construction contract is— > > > > > (a) the amount of the consideration that the contract provides is payable for construction work carried out under the contract or for related goods and services supplied under the contract, or > > > > > (b) if the contract does not provide for that amount—the market value of the work to be carried out or the value of the goods and services to be supplied. > > > (3) The value of a construction contract is its value including any variation to the contract after the contract is entered into, with the result that the value of the main contract can increase and reach the $20 million threshold after the main contract is first entered into. > > > (4) If the value of the main contract reaches the $20 million threshold after the main contract was first entered into, the head contractor becomes subject to this Part but only for construction contracts between the head contractor and subcontractors entered into after the value of the main contract reached the $20 million threshold.