Queensland Consolidated Acts Queensland Consolidated Acts(1) This section sets out how a variation document complies with the requirement mentioned in section 80(2)(g) (the payment requirement).
(2) If the variation results in an increase in the contract price, the variation document complies with the payment requirement if it states when the increase is to be paid.
(3) However, the increase can not be required to be paid before work the subject of the variation is started.
(4) If the variation results in a decrease in the contract price, the variation document complies with the payment requirement if it states when the decrease is to be accounted for.
Example for subsection (4)--
The variation document might identify a particular progress payment in which the decrease is to be accounted for.
(5) The variation document complies with the payment requirement if the provision of the document stating when the increase is to be paid, or when the decrease is to be accounted for, is initialled by the building owner.