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 |
| Contract |
|
