GIPA - Access to Information

Contract Information Class 1

Reference Number LSU2500
Amount Payable Greater than $150,000.00
Greater than $150,000. Estimated total value of $439,278 incl GST. This figure does not include any outgoings or CPI increases.
Effective Date 01/02/2024
Completion Date 31/01/2027
Name and business address of the contractor
Joy Global - Suite 3, Level 2 iC Enterprise 1 Building, Innovation Campus North Wollongong NSW 2500
Particulars of the project to be undertaken, the goods or services to be provided or real property to be leased/transferred Joy Global is leasing commercial property at Office B (B2TN2) , Level 2, Wing B, The Central, Innovation Campus, including carpark licences.
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 6.9, 8.1, 10.3. 14, 15.2, 31.3, 56
Can the contract be renegotiated? Yes
Renegotiation Clauses 15.2, 18.4, 39.2, 39.3, 39.4, 43, 48, 49, 58
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? Yes
Details An amount equivalent to 6 month's Rent and Lessee's Contributions to Outgoings plus GST
Other Key Elements The Lessee is permitted an Option to renew for a further term of 3 years.