Contract Information Class 1 | |
Reference Number | 999/003/671 |
Amount Payable | Greater than $150,000.00 Estimated rent is $218,136.00 which includes rent and parking spaces. This amount does not include Contributions to outgoings or annual rent review (of 3% p/a) |
Effective Date | 18/05/2022 |
Completion Date | 17/05/2024 |
Name and business address of the contractor |
Tickets.com Pty Ltd - C/- 555 Anton Boulevard 11th Floor Costa Mesa CALIFORNIA USA 92626
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Particulars of the project to be undertaken, the goods or services to be provided or real property to be leased/transferred | Tickets.com Pty Ltd is leasing commercial offices from UOW at Suite 8 Ground Floor, iC Enterprise 1 building at Innovation Campus, Squires Way, North Wollongong. UOW has also granted Tickets.com a licence to park in the area |
Details of any related body corporate or private sector entity who will be involved in carrying out any of the contractor’s obligations or receive a benefit. | |
Are there any provisions under which the amount payable may be varied? | Yes |
Amount Payable Variation Clauses | Rent payments are subject to annual review of the greater of CPI or 3%. Market review applies at the commencement date of any option period.Variations to outgoing payments are subject to annual reconciliation. |
Can the contract be renegotiated? | No |
Did the contract involve a tender process? | No |
Description of any provisions under which the contractor is to receive payment for providing operational or maintenance services | N/A |
Contract Information Class 2 | |
Is there a transfer of significant assets to the State? | No |
Is there a transfer of significant assets to the contractor? | No |
Has any cost-benefit analysis been undertaken by UOW? | No |
Was a public sector comparator used? | No |
Did the contractor provide a base case financial model? | No |
If relevant, provide details of how risk is to be apportioned between the parties. | NA |
Have there been any significant guarantees or undertakings between the parties? | Yes |
Details | Tickets.com Pty Ltd to provide an Approved Security amount of $58,938 . |
Other Key Elements |