2018 Report details for project: Magnox and RSRL PBO Competition

Project name: Magnox and RSRL PBO Competition - there are 7 reports for this project: 2013, 2014, 2015, 2016, 2017, 2018, 2019
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Organisation: BEIS (D1198) - see all reports for this organisation
Report year: 2018 (data is from Sept 2017)
Category: Infrastructure - see all reports for this category
Description: The objective of the procurement (the Magnox Competition) is the delivery of a series of outputs largely based on the extant baselines of Magnox and RSRL, currently defined as outcomes of the Magnox Optimised Decommissioning Plan (MODP) and Optimised RSRL Baseline (HOP and WOP) at 10% lower cost. The performance obligations associated with delivery of this objective are embodied within a Client Specification which forms the basis of the Site Licence Company Agreement (SLCA) and Parent Body Agreement (PBA).
DCA (RAG): Amber
DCA text: The Secretary of State for Business, Energy and Industrial Strategy approved the termination of the target cost contract with the Cavendish Fluor Partnership (CFP) effective 1st September 2017, with a two year notice period. As a result of the decision to terminate the contract the original Business Case benefits will not be realised as planned. A revised set of milestones (benefits) has been agreed as part of BEIS/HMT Ministerial sign off to the termination arrangements. In line with the notice provisions in the original target cost contract, revised arrangements have been put in place with the CFP for the period to the end of August 2019. Of the agreed 49 contract milestones for the termination phase, all are currently forecast to be delivered by the end of the current contract. At the end Quarter 3 of 2017, 14 milestones have been achieved, 23 are on target, 4 are behind with a possibility of recovery, and 8 are forecast to miss their individual milestone dates but will be achieved before the contract formally closes at the end of August 2019.
Start date: 2012-04-03
End date: 2015-08-31
Schedule text: The current contract with CFP will terminate at the end of August 2019 after 5 years rather than its full term of 14 years. The NDA has established a Transition Project that will establish arrangements for a replacement operating model / contracting structure for Magnox to be put in place by the time the current contract ends.
Baseline: £572.00m
Forecast: £555.00m
Variance: -3.00%
Variance text: Budget variance less than 5%
Whole Life Cost: £3,081.00m
WLCost text: The Whole Life Cost covers the 5 year contract period with CFP to the point of termination (1st September 2014 to 31st August 2019) when revised arrangements will be out in place for the remaining work to take the Magnox sites into care and Maintenance. This varies from previous years’ reporting which included the Phase 1 costs through to 2021. Costs are calculated in nominal terms.
Notes1: Magnox & RSRL PBO Competition
Sourcefile: IPA_2018.csv

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