Queensland Consolidated Acts(1) This section does not apply to a cost plus contract.
(2) The contract price, for a domestic building contract, is the total amount payable under the contract for the contracted services.
(3) The contract price includes--
(a) the amount the building contractor is entitled to receive and keep under the contract; and
(b) the amount the building contractor is entitled to receive under the contract for payment to another person.
(4) However, the contract price does not include the following--
(a) an associated third party amount;
(b) an amount to which section 53(8) applies.
(5) If a contract is varied, the reference in subsection (2) to the total amount payable under the contract is a reference to the total amount payable under the contract, as varied.