5. Amendment of section 20 of the principal enactment

Section 20 of the principal enactment is hereby amended, by the repeal of the definition of the expression,

“contract value” and the substitution therefore, of the following definition :—

“ “contract value” means the amount or the amounts stated in the letters of acceptance and which are thereafter adjusted in accordance with the provisions of the contract. The said contract value shall be the sum total of individual contracts or of several contracts which have been entered into in respect of the carrying out of any construction work and shall include sub-contract values and such other construction costs that may be incurred in carrying out such works, but shall not include any Value

Added Tax payable under the Value Added Tax Act,

No. 14 of 2002 ; and”.