Contract Information Class 1 | |
Reference Number | CDU2019_002 |
Amount Payable | Greater than $150,000.00 Estimated value of contract is 1421750. |
Effective Date | 26/03/2019 |
Completion Date | 26/03/2024 |
Name and business address of the contractor |
Lendlease Retirement Living Holding Pty Ltd - Level 14 International Towers Exchange Place Tower Three 300 Barangaroo Avenue SYDNEY NSW 2000
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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 | UOW has entered into an Agreement with Lendlease to provide development management services to assist in the development of construction of UOW's Primary and Community Health Building |
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. |
Lendlease RL Future Development no 1 Holding Pty Ltd
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Are there any provisions under which the amount payable may be varied? | Yes |
Amount Payable Variation Clauses | Refer relevant clauses in the contract |
Can the contract be renegotiated? | Yes |
Renegotiation Clauses | Refer relevant clauses in the contract |
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. | Management services to be provided by Lendlease. Financial and development risks are bourne by UOW |
Have there been any significant guarantees or undertakings between the parties? | No |
Other Key Elements | Development management agreement was agreed on the basis of selecting Lendlease Retirement Living as a development partner for the Health and Wellbeing Precinct which was subject to an EOI and thorough tender process. |