Contract Information Class 1 |
| Reference Number |
LSU403 |
| Amount Payable |
Greater than $150,000.00
Total minimal value of lease estimated at $24,473,000 (plus GST). This does not include contribution to outgoings or yearly increase in rent |
| Effective Date |
01/01/2014 |
| Completion Date |
31/12/2023 |
| Name and business address of the contractor |
Illawarra Health and Medical Research Institute Limited (IHMRI) - Building 32, University of Wollongong Northfields Ave WOLLONGONG NSW 2522
|
| Particulars of the project to be undertaken, the goods or services to be provided or real property to be leased/transferred |
IHMRI is leasing premises at the UOW Main Campus |
| 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 |
CPI increases applicable to rent and contribution to outgoings. |
| 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 |
|
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. |
N/A |
| Have there been any significant guarantees or undertakings between the parties? |
No |
| Other Key Elements |
N/A |
Contract Information Class 3 |
| Is a complete copy of this contract included in the register? |
Yes |
| Contract |
|
