37Cost of construction work

37 Cost of construction work (1) The cost of construction work is: (a) the total contract prices for all the construction contracts in relation to the work (the contract price for the work); or (b) the amount decided by the Board to be the total cost of the work, where: (i) there is no contract price for the work; or (ii) the Board considers that the contract price for the work does not reflect the total cost of the work.

Construction Industry Long Service Leave and Benefits Act 2005 29 (2) Except as the Regulations otherwise provide, for subsection (1)(a), construction contract has the same meaning as in the Construction Contracts (Security of Payments) Act 2004. (3) Without limiting subsection (1)(b), in deciding the total cost of the work, the Board must take into account: (a) the cost of labour, materials (including prefabricated goods and installation), equipment, design, project management, consultancy and any other cost that directly or indirectly relates to the work; and (b) if the construction work is to be carried out in stages or under a number of contracts or other arrangements – the total cost in relation to those stages, contracts or arrangements.