GIPA - Access to Information

Contract Information Class 1

Reference Number 999/003/841
Amount Payable $904,200.00
Effective Date 18/05/2011
Completion Date 18/05/2022
Name and business address of the contractor
The Cancer Council NSW - 153 Dowling Street WOOLLOOMOOLOO NSW 2011
Particulars of the project to be undertaken, the goods or services to be provided or real property to be leased/transferred The Cancer Council NSW is leasing commercial offices from UOW at Suite 7, Ground Floor, iC Enterprise 1 building at Innovation Campus, Squires Way, North 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 payments are subject to annual review of the greater of CPI or 3%. Market review applies at years 5 and 8. Variations to outgoing payments are subject to annual reconciliation.
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. N/A
Have there been any significant guarantees or undertakings between the parties? Yes
Details An Approved Security amount has been paid by the Cancer Council NSW which is equal to 9 month's rent and contribution to outgoings, plus GST
Other Key Elements There is an option to renew the lease for an additional 5 years