03/09/2026
🏠 Fixed Price or Cost Plus — Which Building Contract Is Safer for Your Queensland Home?
A cost plus contract can look attractive at the beginning — especially when the builder’s estimate fits your budget.
But an estimate is not a price cap.
If construction costs rise, you may have to pay more. More importantly, a cost plus contract generally does not provide non-completion cover under the Queensland Home Warranty Scheme.
Before signing, it is important to understand:
✔️ who carries the risk of cost overruns
✔️ when a “fixed price” can still change
✔️ what protection the QBCC Home Warranty Scheme provides
✔️ what safeguards should be included in a cost plus contract
The contract you choose at the beginning can make a significant difference if the project later goes over budget — or the builder cannot complete the work.
📖 Read the full article to learn more: https://wglawyers.com.au/cost-plus-or-fixed-price-choosing-the-right-building-contract-for-your-queensland-home/
📍 W & G Lawyers, 68 Bryants Road, Shailer Park QLD 4128
📞 (07) 2810 5666
🌐 https://wglawyers.com.au/
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Disclaimer: This article is general information only and does not constitute legal advice under Australian law. Reading this content does not create a solicitor–client relationship. For advice specific to your situation, please contact W & G Lawyers.