GIPA - Access to Information

Contract Information Class 1

Reference Number FMD2024_098
Amount Payable $445,424.00
Effective Date 28/11/2024
Completion Date 01/12/2026
Name and business address of the contractor
GEM Energy Australia Pty Ltd - 3a/17 Sugarmill Road Pinkenba QLD 4008 Australia
Particulars of the project to be undertaken, the goods or services to be provided or real property to be leased/transferred Science Space (Bld 200) Battery Installation Innovation Campus
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 Refer relevant Clause 7, Schedule 1 & Schedule 2
Can the contract be renegotiated? Yes
Renegotiation Clauses Refer relevant Clauses 2, 7, Schedule 1 & Schedule 2
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? Yes
Cost Benefit Analysis Results Commercial Risk Assessment
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 Cash retention held
Other Key Elements N/a