GIPA - Access to Information

Contract Information Class 1

Reference Number 999/003/190
Amount Payable Greater than $150,000.00
Approximate rent payable of $237,442 per annum from 2022 variation.(This amount does not include contributions to outgoings or annual rent review increases)
Effective Date 28/08/2017
Completion Date 30/12/2022
Name and business address of the contractor
Commonwealth Bank of Australia - Corporate Services Property 175 Pitt Street SYDNEY NSW 2000
Particulars of the project to be undertaken, the goods or services to be provided or real property to be leased/transferred CBA is leasing commercial offices from UOW at Whole Ground Floor, Wing A, iC Central, 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? N/A
Details N/A
Did the contractor provide a base case financial model? N/A
Details N/A
If relevant, provide details of how risk is to be apportioned between the parties. NA
Have there been any significant guarantees or undertakings between the parties? No
Other Key Elements 1 option to renew for a further 5 years