Contract Information Class 1 | |
Reference Number | 999/004/354/P4 |
Amount Payable | $185,175.00 |
Effective Date | 01/03/2017 |
Completion Date | 28/02/2023 |
Name and business address of the contractor |
Community Sector Banking Pty Ltd - Bendigo and Adelaide Bank Ltd The Bendigo Centre BENDIGO VIC 3550
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Particulars of the project to be undertaken, the goods or services to be provided or real property to be leased/transferred | CSB is leasing commercial offices from UOW at Suites 5 & 6, Ground Level, Enterprise 1l, Innovation Campus, Squires Way, University of Wollongong |
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 and Contribution Rate subject to annual review, based on CPI |
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. | N/A |
Have there been any significant guarantees or undertakings between the parties? | Yes |
Details | Bank Guarantee required for an amount equal to 6 months rent and outgoings plus GST |
Other Key Elements | 1 option to renew for a further 5 years |