GIPA - Access to Information

Contract Information Class 1

Reference Number LSU177
Amount Payable Greater than $150,000.00
$427,005 Rent excluding outgoings and parking.
Effective Date 01/07/2018
Completion Date 30/06/2023
Name and business address of the contractor
Coordinare Limited - Wing C, Ground Floor, Office A The Central Building, Innovation Campus, Squires Way North Wollongong New South Wales 2500 Australia
Particulars of the project to be undertaken, the goods or services to be provided or real property to be leased/transferred Coordinare is leasing commercial offices from UOW at Wing C, Ground Floor, Office a, The Central Building a Innovation Campus, Squires Way, North 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 Clause 9-Rent and Contribution Rate subject to annual review
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 3 months rent and outgoings plus GST.
Other Key Elements N/A