2017 Report details for project: New Polar Research Vessel

Project name: New Polar Research Vessel - there are 4 reports for this project: 2016, 2017, 2018, 2019
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Organisation: BEIS (D1198) - see all reports for this organisation
Report year: 2017 (data is from Sept 2016)
Category: Infrastructure - see all reports for this category
Description: NERC/British Antarctic Survey has a business need to replace its two aging science/logistics support vessels with a new dual role purpose vessel. The FBC calculated that the NPV of the option selected as best overall Value For Money, (design, build operate a new dual role science/logistics support vessel) resulting in a saving of £102m over a period of 25 years representing the anticipated lifetime of the new asset. The reduction in vessel capacity and attendant running costs is predicted to deliver significant savings with only a minor impact of delivery of science days at sea. The Specification/Statement Of Requirements for the new vessel was developed in consultation with the key stakeholders including, but not limited to, the scientific user community; logistics support staff within the British Antarctic Survey and the Supply Side. Working with the selected shipyard, Cammell Laird we are optimising the design and on track to deliver the vessel in Autumn 2018. Following intensive commissioning and sea trials, the vessel will enter into service in Autumn 2019.NERC is not purchasing any steel. Steel purchased by the main contractor has due regard for the guidance and commercial best practice.
DCA (RAG): Amber/Green
DCA text: The Programme team has actions underway or complete against all recommendations identified.
Start date: 2014-05-01
End date: 2020-07-01
Schedule text: Programme remains on schedule
Baseline: £63.00m
Forecast: £71.50m
Variance: 13.00%
Variance text: 2016-17 budget variance resulted from financial re-profiling to match revised project milestones, including bringing forward £5M capital funding from 17/18 to 16/17. It does not increase the whole life cost of the project.
Whole Life Cost: £1,403.00m
WLCost text: The whole life costs represents costs until 2043/44. These cost include the project costs until closure and recurring Antarctic Partition and Logistics infrastructure budget costs.
Sourcefile: IPA_2017.csv

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.