Federal Spending Explorer

Contract notice CN4265580 · Department of Employment and Workplace Relations

Lease - 50 Marcus Clarke St Canberra ACT 2600

$246m whole-of-life value, after 1 amendment

+$159m (+184.1%) since first published at $87m

Supplier
The Trust Company (Australia) Ltd A The 747 Collins St Trust and The Tr ABN 21000000993
Agency
Department of Employment and Workplace Relations
Procurement method
open tender
Term
2021-05-24 to 2030-05-23
Published
2026-07-31
Category (UNSPSC)
80131500
Kind of work
Property and facilities (high confidence) AI-classified

Worth a closer look

Published long after it started: published 1894 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: +184% 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
2020-21$2.8m
2021-22$27m
2022-23$27m
2023-24$27m
2024-25$27m
2025-26$27m
2026-27$27m
2027-28$27m
2028-29$27m
2029-30$24m

Published versions

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

DateVersionValue
2026-07-31original notice$87m
2026-07-31amendment$246m