sch.1B-sec.41General contents of document evidencing a variation

### sch.1B-sec.41 General contents of document evidencing a variation The building contractor under a regulated contract must ensure a document evidencing a variation of the contract complies with the formal requirements for a variation. Maximum penalty—20 penalty units. The document evidencing the variation complies with the formal requirements if it— is readily legible; and describes the variation; and states the date of the request for the variation; and if the variation will result in a delay affecting the subject work—states the building contractor’s reasonable estimate for the period of delay; and states the change to the contract price because of the variation, or the method for calculating the change to the contract price because of the variation; and if the variation results in an increase in the contract price—states when the increase is to be paid; and if the variation results in a decrease in the contract price—states when the decrease is to be accounted for. Any increase in the contract price as a result of the variation can not be required to be paid before work the subject of the variation is started. sch 1B s 41 ins 2014 No. 57 s 60 (sch.1B-sec.41-ssec.1) The building contractor under a regulated contract must ensure a document evidencing a variation of the contract complies with the formal requirements for a variation. Maximum penalty—20 penalty units. (sch.1B-sec.41-ssec.2) The document evidencing the variation complies with the formal requirements if it— is readily legible; and describes the variation; and states the date of the request for the variation; and if the variation will result in a delay affecting the subject work—states the building contractor’s reasonable estimate for the period of delay; and states the change to the contract price because of the variation, or the method for calculating the change to the contract price because of the variation; and if the variation results in an increase in the contract price—states when the increase is to be paid; and if the variation results in a decrease in the contract price—states when the decrease is to be accounted for. (sch.1B-sec.41-ssec.3) Any increase in the contract price as a result of the variation can not be required to be paid before work the subject of the variation is started. - (a) is readily legible; and - (b) describes the variation; and - (c) states the date of the request for the variation; and - (d) if the variation will result in a delay affecting the subject work—states the building contractor’s reasonable estimate for the period of delay; and - (e) states the change to the contract price because of the variation, or the method for calculating the change to the contract price because of the variation; and - (f) if the variation results in an increase in the contract price—states when the increase is to be paid; and - (g) if the variation results in a decrease in the contract price—states when the decrease is to be accounted for.