Federal Spending Explorer

Contract notice CN4138468 · Department of Finance

CPO Lease

$87m whole-of-life value, after 1 amendment

+$53m (+160.1%) since first published at $33m

Supplier
Perpetual Trustee Company Limited ABN 42000001007
Agency
Department of Finance
Procurement method
limited tender
Exemption
App A: 1. Leasing of immovable property or any associated rights.
Term
2012-07-01 to 2030-02-28
Published
2025-03-27
Category (UNSPSC)
80131500
Kind of work
Property and facilities (high confidence) AI-classified
Agency reference
4400074615

Worth a closer look

Published long after it started: published 4652 days after start. The Commonwealth Procurement Rules require agencies to report contracts on AusTender within 42 days of entering into them.

Common explanations: A start date set earlier than signing, to cover work under an earlier arrangement. A lease or agreement republished under a new notice when it was renewed or varied. Administrative delay in reporting.

Value increased after award: +160% on first published value. Agencies must publish amendments that change a contract’s value. Large increases can mean the original scope or price was understated.

Common explanations: Additional work or an extended term agreed after award. Options in the original contract that were later taken up. A correction to a value entered wrongly.

Value by financial year

The total value spread evenly from start to end date. estimate: annualised

Financial yearEstimated amount
2012-13$4.9m
2013-14$4.9m
2014-15$4.9m
2015-16$4.9m
2016-17$4.9m
2017-18$4.9m
2018-19$4.9m
2019-20$4.9m
2020-21$4.9m
2021-22$4.9m
2022-23$4.9m
2023-24$4.9m
2024-25$4.9m
2025-26$4.9m
2026-27$4.9m
2027-28$4.9m
2028-29$4.9m
2029-30$3.3m

Published versions

Every version of this notice we have loaded. Source: AusTender OCDS API.

DateVersionValue
2025-03-27original notice$33m
2025-04-08amendment$87m