A fixed price contract sets out the agreed contract price for your home based on the selected design, inclusions, site information, plans, specifications and contract documentation available at the time. It gives you clearer pricing before construction begins by documenting the agreed contract price, insurance where applicable, progress payment stages, inclusions and key contract documents. Some changes may still occur in accordance with the contract, so it is important to read the full contract package before signing. Where to find this: You can find the contract price section in Part 1, Schedule 1, page 2. The progress payment stages are outlined in Part 1, Schedule 2, Page 6.

Yes, in some circumstances. The contract price is clearly listed in the contract, but the contract also explains situations where the price may increase. These may include costs not expressly included in the Site Costing, variations required for compliance, appropriate charges that were inadvertently missed, owner-supplied items or works that require additional work, delays, site-related costs, authority requirements, incomplete site information, all-weather access, temporary power or water, rock excavation, additional inspections or other items covered by the contract. A consultant can help explain what is included before you sign. Where to find this: You can find the main price warnings in Part 1, Schedule 1, page 2. More detail is provided in Part 2, GC1.11, pages 3–4, and variation requirements are explained in Part 2, GC3.9–GC3.11, pages 9–10.

Your contract is made up of several important documents that explain the home, inclusions, pricing, site requirements and obligations. These may include the General Conditions, plans and drawings, building specifications, allowances and finishes, site cost information, progress payment stages, warranty documents, structural maintenance responsibilities, consumer building guides and other contract attachments. You should review all documents carefully before signing and ask your consultant if anything is unclear. Where to find this: You can find the list of contract documents under “Other Contract Documents” in Part 1, Schedule 1, page 5.

Progress payments are made in stages as your home reaches key construction milestones. This means you do not pay the full contract amount upfront. The contract stages include: Preliminary Fees → Base → Frame → Enclosed → Fixing → Practical Completion Your contract documents will show the payment amount and description for each stage, so you can understand when payments are due throughout the build. Where to find this: You can find the payment stages in Part 1, Schedule 2, page 6. More detail about payment requests, due dates and practical completion payment is in Part 2, GC4.8, page 11.