Queensland Consolidated Acts Queensland Consolidated Acts(1) This section only applies to designated stages contracts.
(2) This section has effect for a contract's original contract price.
(3) For a contract to build only to the enclosed stage, the building contractor must not demand or receive, at the completion of a stage specified in column 1 of the following table, an amount that is more than the percentage of the original contract price specified in column 2 of the table opposite the stage--
| Table--Contracts to build to enclosed stage | |
|---|---|
| Column 1 Stage | Column 2 Percentage of original contract price |
| Base stage | 20% |
| Frame stage | 25% |
Maximum penalty--50 penalty units.
(4) For a contract to build only to the fixing stage, the building contractor must not demand or receive, at the completion of a stage specified in column 1 of the following table, an amount that is more than the percentage of the original contract price specified in column 2 of the table opposite the stage--
| Table--Contracts to build to fixing stage | |
|---|---|
| Column 1 Stage | Column 2 Percentage of original contract price |
| Base stage | 12% |
| Frame stage | 18% |
| Enclosed stage | 40% |
Maximum penalty--50 penalty units.
(5) For a contract to build all the stages mentioned in this section, the building contractor must not demand or receive, at the completion of a stage specified in column 1 of the following table, an amount that is more than the percentage of the original contract price specified in column 2 of the table opposite the stage--
| Table--Contracts to build to all stages | |
|---|---|
| Column 1 Stage | Column 2 Percentage of original contract price |
| Base stage | 10% |
| Frame stage | 15% |
| Enclosed stage | 35% |
| Fixing stage | 20% |
Maximum penalty--50 penalty units.
(6) Subsection (3), (4) or (5) does not apply to a building contractor if--
(a) the parties to the contract agree the subsection is not to apply; and
(b) the agreement is made in the way, and satisfies any requirements, prescribed under a regulation.
(7) In this section--
original contract price, for a regulated contract, means the contract price for the contract before any adjustment of the price is made because of--
(a) a prime cost, or provisional sum, adjustment; or
(b) a variation of the contract.