Central Barangaroo Development Agreement - Central Barangaroo Development Agreement

Contract Award Notice ID Central Barangaroo Development Agreement

Publish Date 16-Nov-2018

Category Real estate services

Agency Barangaroo Delivery Authority

Particulars of the goods or services to be provided under this contract

Development of Central Barangaroo including the construction of public domain infrastructure and facilities. The Contractor will be entitled to nominate parties to receive long term leases (99 years or less) of the developed site.

This information is published on the INSW Contracts Register: https://insw.com/accessing-information/nsw-contracts-register/

Contract Duration 15-Nov-2017 to 14-Nov-2116

Contract Award Notice Details

Contractor Name Grocon (CB) Developments Pty Limited
ACN 614118642
ABN 84 614 118 642
Is an Aboriginal or Torres Strait Islander owned business No
Street Address 3 Albert Coates Lane
Town/City Melbourne
State/Territory VIC
Postcode 3000
Country AUSTRALIA

Other private sector entities involved in, with an interest in or benefiting from this contract

Grocon Constructors Pty Ltd ACN 006 703 091, 3 Albert Coates Lane Melbourne VIC 3000

Grocon Group Holdings Pty Ltd ACN 148 964 890, 3 Albert Coates Lane Melbourne VIC 3000

Estimated amount payable to the contractor (including GST)

$0.00 (Real property leased)

Any provisions for payment to the contractor for operational or maintenance services

Not Applicable

Method of Tendering

Open

Description of any provision under which the amount payable to the contractor may be varied

Nil. The net outcome of variations, adjustments or other mechanisms under the contract do not result in amounts being payable by the Barangaroo Delivery Authority to the Contractor.

Description of any provisions under which the contract may be renegotiated

In limited circumstances upon notice by the Barangaroo Delivery Authority to the Contractor

Summary of the criteria against which the various tenders were assessed

Evaluation Criteria	Weighting
Proponent's finanial, design, social benefits and other criteria

Contract Contains Agency 'PiggyBack' Clause

Industrial Relations Details for this Contract

Name of Sub-contractors (incl. ABN & ACN)

Not Applicable

Applicable Industrial Instruments

Not Applicable

Location of Work

Not Applicable

NSW Industrial Relations inspectors routinely audit the employment records of contractors and sub-contractors to all NSW Government contracts. The results of these inspections are published on the NSW Industrial Relations website.

Agency Contact Right to Information Officer

Street Address PO Box R220,

Town/City Royal Exchange

State/Territory NSW

Postcode 1225

Country AUSTRALIA

Phone Number 02 9216 5700

Email Address mail@INSW.com

Other Information

INSW Contracts Register: https://insw.com/accessing-information/nsw-contracts-register

Particulars of future transfers of assets to the State, at zero or nominal cost to the State, including the date of their transfer

Various public domain facilities

Particulars of future transfers of assets to the contractor including the date of their transfer

Long term leases of the developed land at Central Barangaroo. The date of the proposed grant of each of the long term leases cannot be determined at this point in time as the grant of leases is contingent on completion of construction of each of the stages.

The results of any cost-benefit analysis of the contract conducted by the agency

Not Applicable - contract was awarded as part of a competitive tender process. Bids were evaluated on an objective basis against predetermined assessment criteria.

The components and quantum of the public sector comparator if used

Not Applicable

If relevant, a summary of information used in the contractor's full base case financial model (for example, the pricing formula for tolls or usage charges)

Not Applicable

If relevant, particulars of how risk, during the construction and operational phases of a contract to undertake a specific project (such as construction, infrastructure or property development), is to be apportioned between the parties, quantified (where practicable) in net present-value terms and specifying the major assumptions involved

Details of risk apportionment are set out in Annexure F to the Central Barangaroo Development Agreement. At this stage it is impracticable to estimate the associated cost of any variations

Particulars as to any significant guarantees or undertakings between the parties, including any guarantees or undertakings with respect to loan agreements entered into or proposed to be entered into

Various securities including corporate guarantees and bonds to secure the performance of the Contractor's obligations are provided under the Central Barangaroo Development Agreement. The particulars of the specific guarantees and securities are commercial -in-confidence at this point in time.

Particulars of any other key elements of the contract

Not Applicable

A web site address which provides direct access to the complete contract less confidential information

https://insw.com/accessing-information/nsw-contracts-register

Has the contract or any provisions within it been withheld from this disclosure under the exemptions provisions of the GIPA Act Section 32? (YES or NO)

Yes

If yes to the above, what are the reasons why the contract, or provisions therein, have not been provided?

Refer to https://insw.com/accessing-information/nsw-contracts-register

If yes to the above, is it intended that the contract or those provisions be published at a later date, and if so, when?

Yes. When the provisions cease to commercial in confidence

If yes to the above, when some but not all provisions of the contract have been published, a general description of the types of provisions that have not been provided

See description provided at https://insw.com/accessing-information/nsw-contracts-register