2021 Report details for project: Sellafield Product and Residue Store Retreatment Plant

Project name Sellafield Product and Residue Store Retreatment Plant - there are 3 reports for this project: 2021, 2022, 2023
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Organisation BEIS (D1198) - see all reports for this organisation
Report year 2021 (data is from March 2021)
Category Infrastructure - see all reports for this category
Description: To provide a facility that will receive special nuclear material from existing stores on the Sellafield site and process into a form suitable for safe and secure storage until 2120.
DCA (RAG) Amber/Red
DCA text: The Infrastructure Project Authority's Delivery Confidence Assessment rating is Amber/red.This is primarily due to the following factors: This is a complex, "first of a kind" nuclear project, and as such has a high degree of delivery risk. Full Business Case (FBC) progressing towards HMG approval in Q1 2021. The Full Business Case (FBC) is based on the Major Project Baseline developed with Programme & Project Partners (PPP) and a matured view of the project scope and market informed cost and schedule information. Pending FBC approval the project performance continues to be reported against the Outline Business Case (OBC) approved in 2017. Delivery of the project has been affected by Covid-19 since March 2020 with significant efforts ongoing to minimise impact on overall cost and schedule. This report only includes COVID impact up to June 2021, and there is evidence that Lockdown 3 has indeed caused efficiency losses in design completion by limited attendance in the office. Site construction has remained 'resilient' due to the robust COVID measures and management put in place; which enabled the progress of the main civil works, with completion of the main slab to the revised COVID impacted plan.
Start date 2012-03-01
End date 2026-11-02
Schedule text The project end-date is 02 November 2026. This is primarily due to the following factors: The project end date reflected in the Outline Business Case, 02 November 2026. The Full Business Case (FBC) baseline is finalised, and the Programme and Project Partners Major Project Baseline have set in the project completion date of February 2029. The FBC is currently going through NDA & HMG approvals (forecast June 2021 vs planned September 2021).
Baseline £86.24m
Forecast £64.28m
Variance -25.00%
Variance text: The budget variance exceeds 5%. The Full Business Case (FBC) baseline is finalised, and the Programme and Project Partners (PPP) Major Project Baseline have been set. This will result in a revised budget for Financial Year 2020/21 of £61m, the SRP project have reprofiled scope as part of their revised delivery strategy, this includes in the impact of COVID-19 up until the end of June 2021. The will result in a variance less than 5%.
Whole Life Cost £763.98m
WLCost text: The projects Baseline Whole Life Cost is £763.98m. This is primarily due to the following factors: The whole lifetime cost is based on the last approved Outline Business Case. The forecast information in this submission is based around the Full Business Case (FBC) progressing towards HMG approval in Q1 2021. The FBC is based on the Major Project Baseline developed with Programme and Project Partners and a matured view of the project scope and market informed cost and schedule information. The project FBC has undergone extensive assurance during its development. The FBC baseline gives a project completion date of February.
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Sourcefile IPA_2021.csv

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