GIPA - Access to Information

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