2.2 Project Expenditure History

Date

Description

Base Date $m

Current $m

Contractor

Notes

2.2 Project Expenditure History

 

 

 

 

 

Prior to Jul 10

 

9.0

8.8

 

US Government (AT-B-UCZ)

2

 

 

0.4

0.4

 

US Government (AT-B-UDQ)

2

 

 

0.3

0.3

 

Other

3

 

 

9.7

 

9.5

 

 

FY to Jun 11

 

70.5

60.8

 

US Government (AT-B-UCZ)

2

 

 

5.0

4.5

 

US Government (AT-B-UDQ)

2

 

 

9.7

9.7

 

Other

3

 

 

4.4

4.4

 

 

 

 

 

89.7

 

79.3

 

 

Jun 11

Total Expenditure 

99.4

 

88.9

 

 

 

 

 

 

 

 

 

Jun 11

Remaining Budget

248.9

 

237.2

 

 

 

Notes

1

Up until July 2010, indexation was applied to project budgets on a periodic basis. The cumulative impact of this approach was $8.7m. In addition to this amount, the impact on the project budget as a result of out-turning was a further $8.4m having been applied to the remaining life of the project.

2

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.

3

Other expenditure comprises: Operating Expenditure, Offer Definition, Consultants, Foreign Military Sales, Contractor Support and Minor Capital expenditure not attributable to the Prime contract.