University Of Wisconsin-System Administration Awards Facilities Contract to University Research Park (September 2022)
University Of Wisconsin-System AdministrationHigher Ed · Madison, WI- Disclosed value
- $106,875,181 total over initial 15-year term (Gross rent $55,875,181; Tenant Improvements $51,000,000)
- From agenda
- Approved
- Sep 29, 2022
- Renews
- Free account
The 30-second brief
The Board of Regents approved a sole-source 15-year lease with University Research Park for 50,969 square feet of laboratory support space at 5510 Element Way to house UW-Madison research units. The agreement, with an initial term total projected cost of $106.9 million and two 5-year renewal options, aims to address shortages of modern research labs and may include BSL3-capable space.
University Research Park holds this facilities contract with University Of Wisconsin-System Administration. Its other public contracts on record include work for University of Wisconsin System | State of Wisconsin and Madison Metropolitan School District.
The renewal date is on record. A free account shows it, with the renewals for every University Of Wisconsin-System Administration contract.
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Contract details
- Contract type
- Facilities
- Amount
- $106,875,181 total over initial 15-year term (Gross rent $55,875,181; Tenant Improvements $51,000,000)
- Document date
- September 29, 2022
- Term
- 15-year lease beginning anticipated occupancy January 2024, with two 5-year renewal options
- Renews
- Free account
- Vendor
- University Research Park
- Source document
- capital_planning_and_budget_committee_meeting_agen.pdf (Agenda)
University Research Park's other public contracts
More University Of Wisconsin-System Administration contracts
Questions about this contract
Who was awarded the facilities contract by University Of Wisconsin-System Administration?
University Research Park was awarded this facilities contract by University Of Wisconsin-System Administration, as recorded on September 29, 2022. The contract value is $106,875,181 total over initial 15-year term (Gross rent $55,875,181; Tenant Improvements $51,000,000).
How much is the University Research Park contract with University Of Wisconsin-System Administration worth?
The University Research Park contract with University Of Wisconsin-System Administration is valued at $106,875,181 total over initial 15-year term (Gross rent $55,875,181; Tenant Improvements $51,000,000), covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agenda record.
Where was this contract approved?
This contract appears in capital_planning_and_budget_committee_meeting_agen.pdf (Agenda), dated September 29, 2022 from University Of Wisconsin-System Administration. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does University Research Park hold?
University Research Park may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is University Of Wisconsin-System Administration currently buying?
Explore University Of Wisconsin-System Administration's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.