|For Immediate Release||January 5, 2001|
|Media Contact:||Rick Ford (803) 725-2889|
Secretary Richardson announced today his decision to extend the contract with Washington Group International's Westinghouse Savannah River Company and its integrated team of Bechtel Savannah River, Inc.; BWXT Savannah River Company; and British Nuclear Fuels, Limited, Savannah River Corporation to manage and operate the Savannah River Site. The extension option was part of the original contract when it was competed in 1996.
"The department has negotiated a contract extension with Westinghouse Savannah River Company that will promote efficiency and focus attention on the critical missions at the Savannah River Site," said Secretary Richardson. "The revised contract framework and structure provide value to the department and offer challenging, yet achievable, financial incentives to the contractor for high productivity and delivery on the job."
The extension runs through Sept. 30, 2006 and will have a total value of approximately $8.4 billion. It assumes level annual funding of approximately $1.1 billion in Environmental Management (EM) funds and $340 million in National Nuclear Security Administration (NNSA) funds.
The department and Westinghouse Savannah River Company negotiated for four months on a new fee structure that is performance-based and focuses on completing work related to the key missions of the Savannah River Site.