S.L. 601.05 · Part I · General Provisions
Regulation 55. Calculation of the estimated contract value of the service contracts
Contract Value
(1) With regard to service contracts, the basis for calculating the estimated contract value shall be as follows:
(a) insurance services: the premium payable, and other forms of remuneration;
(b) banking and other financial services: the fees, commissions payable, interest and other forms of remuneration;
(c) design contracts: fees, commissions payable and other forms of remuneration.
(2) With regard to service contracts which do not indicate a total price, the basis for calculating the estimated contract value shall be as follows:
(a) in the case of fixed-term contracts, where that term is less than or equal to forty-eight months: the total value for their full term;
(b) in the case of contracts without a fixed term or with a term greater than forty-eight months: the monthly value multiplied by 48.
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54 — Value of leasing products, hire, rental or hire purchase
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