Contract Information Class 1 | |
Reference Number | 999/003/190 |
Amount Payable | Greater than $150,000.00 Approximate rent payable of $219,912 per annum.(This amount does not include contributions to outgoings or annual rent review increases) |
Effective Date | 28/08/2017 |
Completion Date | 27/08/2022 |
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 |