02 Governance, Structure & People PROCUREMENT

CEFC ANNUAL REPORT / 2014–15

PROCUREMENT

The CEFC is not an entity to which the Commonwealth Procurement Rules are applicable. Procurement occurs via the most efficient, effective economical and ethical means possible, which can involve direct engagement of service providers based on quotes, select tenders, engagement of external advisors, and in some instances joining Australian Government procurement arrangements. Under section 74 of the CEFC Act, the Corporation must specify in the Annual Report the details for each procurement contract on foot within the financial year valued at above $80,000.

These contracts are specified in Figure 39.

Figure 39: CEFC procurement contracts that were in place during the 2014–15 financial year

Date entered into

Value of Contract

$

Value expensed during the FY

$

Contracting Party

Purpose

February 2013

1,625,009

549,733

Dexus Property Group

Lease of premises, I Bligh Street, Sydney from 1 March 2013 to 29 February 2016.

June 2013

590,665

73,783

Marsh Pty Ltd

D&O Insurance for period 14 June 2013 to 14 June 2021

July 2013

714,945

265,772

The Uniting Church in Australia Property Trust (Q.)

Lease of premises at Level 8, 140 Ann Street, Brisbane through 14 July 2015

June 2014

132,000

0

Australian National Audit Office

Audit of financial statements for 30 June 2014

July 2014

107,884

98,243

Bloomberg Finance LP

Bloomberg terminal and NEF All Insight Package Level III

July 2014

134,245

134,245

Dakota Media Pty Ltd

Production services for case studies

July 2014

351,506

351,506

FCM Travel Solutions

Work travel and incidental costs for period 1 July 2014 to 30 June 2015 under the whole of government travel procurement program

July 2014

186,780

186,780

Studio Thick Pty Ltd

Website development, maintenance and Internet presence

June 2015

723,377

0

The Uniting Church in Australia Property Trust (Q.)

Extension of lease of premises at Level 8, 140 Ann Street, Brisbane from 15 July 2015 to 14 July 2018

July 2014

202,384

202,384

Intuitive Communication Pty Ltd t/a Momentum 2

Communications and marketing education on co-finance products

January 2015

204,000

73,740

Reval.com Inc

2 year license fees, maintenance, support and implementation costs for Loan Management System

February 2015

133,392

133,392

King & Wood Mallesons

Legal staff member seconded to the Corporation

March 2015

83,600

83,600

Randstad Pty Ltd

Staff placement fees

June 2015

145,000

145,000

Australian National Audit Office

Audit of financial statements for 30 June 2015

June 2015

501,031

0

Technology One Ltd

License Fees, 3 year minimum maintenance, support and initial implementation costs for FinanceOne software.

All contracts in year

5,835,818

2,298,178

Total 15 procurement contracts over $80,000.