Contract Information Class 1 | |
| Reference Number | AW370511 |
| Amount Payable | Greater than $150,000.00 N/A - not a requirement under section 29 of the GIPA Act |
| Effective Date | 01/02/2026 |
| Completion Date | 31/01/2031 |
| Name and business address of the contractor |
AVCRM - Suite 2, level 1 The Central, Innovation Campus, Squires Way NORTH WOLLONGONG NSW 2500 Australia
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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 | Lease of Level 1, Suite 2, The Central, Innovation Campus, Squires Way, North Wollongong, NSW 2500 to AVCRM Products Pty Ltd |
| 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 | Variations subject to annual rent reviews - Clause 9 |
| Can the contract be renegotiated? | Yes |
| Renegotiation Clauses | Clause 6 and 9 |
| 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. | N/A |
| Have there been any significant guarantees or undertakings between the parties? | Yes |
| Details | Security equal to 3 months Rent and Lessee's Contribution to Outgoings |
| Other Key Elements | N/A |