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Lease Agreement for Level 19, Tower 2, Darling Park, 201 Sussex Street, Sydney NSW 2000 - CNTR0010474

Contract Award Notice ID CNTR0010474
Publish Date 29-Mar-2019
Category Lease and rental of property or building
Agency Audit Office of NSW
Particulars of the goods or services to be provided under this contract

Lease Agreement for Level 19, Tower 2, Darling Park, 201 Sussex Street, Sydney NSW 2000 for an initial term for 10 years. There is an option to renew for a period of 5 years.

Total contract value includes rent, cleaning charge, outgoing and estimated annual price escalation over the initial 10 years term.

Contract Duration 1-Aug-2019 to 31-Jul-2029

Contract Award Notice Details

Contractor Name DPT OPERATOR PTY LIMITED
ACN 092182888
ABN 43 092 182 888
Is an Aboriginal or Torres Strait Islander owned business No
Street Address Shop 204, Balcony Level Cockle Bay Wharf at Darling Park, Sussex Street
Town/City Sydney
State/Territory NSW
Postcode 2000
Country AUSTRALIA


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

Not Applicable

Estimated amount payable to the contractor (including GST)

$23,104,491.33 (Real property leased)

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

The total contract value includes charges for outgoings and cleaning services.

Method of Tendering

Limited

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

Rent varies on each fixed percentage review date and the variation to clearning charge may vary from time to time by notice. 

Description of any provisions under which the contract may be renegotiated

Not Applicable


Summary of the criteria against which the various tenders were assessed

Evaluation Criteria Weighting

Perception

20%

Site/Location Attributes

25%

Suitability of Building Facilities

25%

Suitability of Tenancy

30%

The cost (on a net present value basis) for each shortlisted site was completed after each site was scored against the non-price criteria. 

0
Contract Contains Agency 'PiggyBack' Clause

No


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 Audit Office of NSW

State/Territory NSW

Country AUSTRALIA


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

Not Applicable

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

Not Applicable

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

Not Applicable

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

Not Applicable

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

Not Applicable

Particulars of any other key elements of the contract

Not Applicable

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?

Commercial-in-confidence provisions of the lease.

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

It is not intended to publish the commercial-in-confidence provisions at a later date.

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

Financial terms of the Works and Incentive Deed.