sch.6-sec.3Meaning of fixed price residential contract

### sch.6-sec.3 Meaning of fixed price residential contract A fixed price residential contract is a contract between a consumer and a licensed contractor for residential construction work for which the price is fixed except for the effect of the following— prime cost items; provisional sums; increases to reflect increased costs of labour or materials or delays in carrying out the work. However, the following contracts are not included for subsection (1) — a construction management contract; a contract for the erection, construction, renovation, alteration, extension, improvement or repair of 3 or more living units. (sch.6-sec.3-ssec.1) A fixed price residential contract is a contract between a consumer and a licensed contractor for residential construction work for which the price is fixed except for the effect of the following— prime cost items; provisional sums; increases to reflect increased costs of labour or materials or delays in carrying out the work. (sch.6-sec.3-ssec.2) However, the following contracts are not included for subsection (1) — a construction management contract; a contract for the erection, construction, renovation, alteration, extension, improvement or repair of 3 or more living units. - (a) prime cost items; - (b) provisional sums; - (c) increases to reflect increased costs of labour or materials or delays in carrying out the work. - (a) a construction management contract; - (b) a contract for the erection, construction, renovation, alteration, extension, improvement or repair of 3 or more living units.