Contract Award Notice Details
Contractor Name Brookfield Office Properties One Carrington Developer Pty Ltd and associated companies.
72 169 154 830
Is an Aboriginal or Torres Strait Islander owned business No
Street Address Level 22, 135 King Street
Other private sector entities involved in, with an interest in or benefiting from this contract
It is proposed that Brookfield Multiplex Constructions will be appointed by Brookfield Office Properties One Carrington Developer Pty Ltd
$78,000,000.00 (Estimated Value of the Project)
Any provisions for payment to the contractor for operational or maintenance services
Description of any provision under which the amount payable to the contractor may be varied
Description of any provisions under which the contract may be renegotiated
Summary of the criteria against which the various tenders were assessed
- The Unsolicited Proposal process and guidelines is managed by the Dept of Premier and Cabinet. Brookfield lodged an unsolicited proposal in June 2013 to build a new transit hall at Wynyard Station which Brookfield will maintain and repair for TfNSW in perpetuity.
- The USP process has 3 stages of approval. Approval to proceed to each stage is given by the NSW Cabinet.
- Brookfield concluded Stage 3 with the submission of Final Binding Offer on 17 March 2016.
- The FBO was considered by Cabinet in May 2016.
- The acceptance of the FBO was publicly announced by Premier Baird on 1 June 2016.
- The Delivery Agreement between the parties was executed on 20 June 2016.
Contract Contains Agency 'PiggyBack' Clause
Industrial Relations Details for this Contract
Name of Sub-contractors (incl. ABN & ACN)
Applicable Industrial Instruments
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.
18 Lee Street
02 8202 2327
Particulars of future transfers of assets to the State at zero or nominal, cost to the State, including the date of their transfer
Surrender of Wynyard Lane Public carpark lease area back to RailCorp
Particulars of future transfers of assets to the contractor including the date of their transfer
Air Stratum above future transit hall
The results of any cost-benefit analysis of the contract conducted by the agency
Recommendation to Cabinet to approve the Final Binding Offer of the Unsolicited Proposal
The components and quantum of the public sector comparator if used
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)
Value for money to government of the unsolicited proposal was considered as part of the approval
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
The risk of construction delivery, and TfNSW's step-in rights is detailed in the Delivery Agreement between the parties.
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
Brookfield is to provide security of $78 million for construction delivery of the transit hall.
Particulars of any other key elements of the contract
A web site address which provides direct access to the complete contract less confidential information
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)
If yes to above, what are the reasons why the contract, or provisions therein, have not been provided?
If yes to above, is it intended that the contract or those provisions be published at a later date, and if so, when?
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