GIPA - Access to Information

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 Pty Ltd - C/- 555 Anton Boulevard 11th Floor Costa Mesa CALIFORNIA USA 92626
Particulars of the project to be undertaken, the goods or services to be provided or real property to be leased/transferred 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 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 Pty Ltd to provide an Approved Security amount of $58,938 .
Other Key Elements