Redfern North Eveleigh Precinct Renewal Project - Land Development Transaction Management and Commercial Advisory Services - IPD-22-12570

Contract Award Notice ID IPD-22-12570

Publish Date 10-Nov-2022

Category Professional Services (excl Consultancies)

Agency Transport for NSW

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

Transport for NSW is currently undertaking an urban renewal project on a State Significant Precinct that is a part of the Redfern – Waterloo Authority Sites, also known as the Redfern North Eveleigh Precinct. Land Development Transaction Management and Commercial Advisory services is required for the Clothing Store Sub-Precinct.

This contract has since been varied, including:

Revised services.
Extension of time.

Original Contract Duration 10-Nov-2022 to 31-Dec-2023

Amended Contract Duration 10-Nov-2022 to 31-Dec-2025

Contract Award Notice Details

Contractor Name E3 Advisory Pty Ltd
ACN 168865334
ABN 80 168 865 334
Is an Aboriginal or Torres Strait Islander owned business No
Street Address Level 22, Suite 1, 9 Castlereagh Street
Town/City Sydney
State/Territory NSW
Postcode 2000
Country AUSTRALIA

Related RFT ID
IPD-22-12570

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)

$693,220.00 (Goods or services supplied)

Amended estimated amount payable to the contractor (including GST)

$688,674.26 (Goods or services supplied)

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

TfNSW Professional Services Contract Clause 9.

Information about Options will be published as required if they are exercised.

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
Capability of the proposed resources and availability to meet the proposed timeframes (Tender Schedule 11)	20%
Price (Tender Schedule 2)	40%
Tenderer’s experience and workload (Tender Schedule 9) including: a. Tenderers experience with TfNSW Procurement and Transaction Guidelines b.Tenderers experience with government land transactions in an urban renewal context	20%
Tenderer’s understanding of the project and methodology for undertaking the Services (Tender Schedule 10)	20%
Minimum Requirements 1) The Tenderer or Tenderer's team members have undertaken the role of Transaction Manager for a State Government Agency in a brownfield precinct renewal development project or major commercial project adjacent to rail or road infrastructure in the last 10 years. 2) The Tenderer or Tenderer's team members have undertaken the role of Commercial and/or Financial Advisor for a State Government or Public Institution, in the transaction of a large and complex ‘precinct’ style development project. 3) The Lead Advisor demonstrates a minimum of 15 years relevant experience in the area of specialised land development transaction, particularly in an urban renewal context. 4) The Tenderer or Tenderer's team members have undertaken the role of Commercial and/or Financial Advisor for land development transactions with a gross realisation value (gross sales) exceeding $500 million or a nett land sale value exceeding $60 million.

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 Attn: Project Information Officer, Infrastructure and Place, TfNSW

State/Territory NSW

Country AUSTRALIA

Email Address ProcurementTeamContractDisclosure@transport.nsw.gov.au

Other Information

Original contract value of $630,200 (excl. GST)
Original contract end date of 31-Dec-2023

This contract has been varied:

Variation 01: a reduction of $4,133 (excl. GST)

The disclosed contract value represents the contract price plus an additional 10% for GST. This value may be overstated if GST does not apply to all parts of the contract.