The performance based contract is valued at approximately US$1.5 billion over 10 years; the base term is five years valued at approximately US$750 million, followed by three year and two year option periods, valued at an approximate total of US$750 million combined. A transition period is scheduled to begin on June 2017.
The site, built in the 1950s as part of the nation's nuclear weapons complex, processed uranium from 1952 – 2013 for military reactors, nuclear weapons, and nuclear power plant fuels. The D&R contract includes management of over 650 structures, properties, and buildings and will optimise short and long-term surveillance and maintenance costs to allow for additional stabilisation, deactivation and remediation activities, reducing risk and future demolition costs.
