Date | Description | Base Date $m | Current $m | Contractor | Notes | ||
2.2 Project Expenditure History |
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Phase 1and Phase 2 |
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Prior to |
| 2,162.2 | 2,138.4 |
| US Government | 7 | |
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| 87.6 | 86.6 |
| Phase 1 (Aircraft) US Government | 7 | |
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| Phase 2 (Weapons) |
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| 88.2 | 87.2 |
| Other Phase 1 | 5 | |
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| 0.8 | 0.8 |
| Other Phase 2 | 6 | |
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| 2,338.8 |
| 2,313.0 |
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FY to |
| 407.5 | 346.2 |
| US Government | 7 | |
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| 17.6 | 15.4 |
| US Government Phase 2 | 7 | |
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| 21.7 | 18.3 |
| Other Phase 1 | 5 | |
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| 0.6 | 0.6 |
| Other Phase 2 | 6 | |
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| 447.4 |
| 380.5 |
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Jun 11 | Total Expenditure | 2,786.2 |
| 2,693.5 |
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Jun 11 | Remaining Budget | 801.5 |
| 885.0 |
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Notes | |||||||
1 | Guidance transfer to DSG Facilities element. | ||||||
2 | Real Cost Decrease Phase 1 - budget transfer to AIR 5349 Phase 2 ($99.0m) for Super Hornet Weapons. | ||||||
3 | Real Cost Decrease return to Portfolio ($107.2m). | ||||||
4 | Up until July 2010, indexation was applied to project budgets on a periodic basis. The cumulative impact of this approach for Phase 1 was $351.4m. In addition to this amount, the impact on the project budget as a result of out-turning was a further $15.9m having been applied to the remaining life of the project. The cumulative impact of this approach for Phase 2 was $20.6m. In addition to this amount, the impact on the project budget as a result of out-turning was a further $3.3m having been applied to the remaining life of the project. | ||||||
5 | Other expenditure comprises: operating expenditure, contractors, contingency, other capital expenditure not attributable to the aforementioned contract and minor contract expenditure. For base date calculations against "Other" expenditure, calculations have been made using a proportional adjustment. This proportional adjustment involves the average between base date calculation of the disclosed major contract(s) and their constant price and applying to the "Other" expenditure. | ||||||
6 | 'Other' cost is a combination of overseas and domestic travel, Professional Service Providers, Freight and General Administration. For base date calculations against "Other" expenditure, the calculations have been made by de-escalating the compound effect of the | ||||||
7 | For Base Date calculations for FMS cases, a consistent de-escalation factor has been applied to all projects which is derived from Defence's cost estimation methodology. | ||||||