GIPA - Access to Information

Contract Information Class 1

Reference Number LSU188
Amount Payable Greater than $150,000.00
Estimated rent payable is $10,565,354. This amount includes rental increase of 2.5% p.a. and any discounts but does not include fees associated with car parking licences or rent for any option term.
Effective Date 12/07/2016
Completion Date 30/06/2023
Name and business address of the contractor
Liverpool City Council - 33 Moore Street LIVERPOOL NSW 2170
Particulars of the project to be undertaken, the goods or services to be provided or real property to be leased/transferred UOW is leasing ground floor and Level 1 of 33 Moore Street Liverpool for education, teaching and research purposes. Commencement 12/7/16, Level 2 Commencement 1/8/18, Level 3 Commencement 1/5/19
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 lesser of CPI or 2.5%
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? N/A
Details N/A
Did the contractor provide a base case financial model? N/A
Details N/A
If relevant, provide details of how risk is to be apportioned between the parties. N/A
Have there been any significant guarantees or undertakings between the parties? No
Other Key Elements An option period of 2 years applies to the relevant leases

Contract Information Class 3

Is a complete copy of this contract included in the register? Yes