MORE DETAILS ON LLNL FEE FOR FY 2011

Lawrence Livermore National Security, the Bechtel and University of California-led manager of Lawrence Livermore National Laboratory, earned $12.8 million in fixed fee during Fiscal Year 2011 and was paid a total of $47.0 million for managing the lab, according to details of the contractor’s performance released by the National Nuclear Security Administration late last week. The fixed fee is in addition to $26.3 million (out of $29.7 million) of at-risk fee—reported last week by NW&M Monitor—and $7.95 million in fee for Work for Others activities at the lab. LLNS could have earned up to $50.5 million, and in receiving 88.7 percent of its at-risk fee, it earned a “very good” rating from the NNSA and a one-year “award term” extension to its contract, stretching the deal through 2016. LLNS earned $45.7 million out of $49.8 million available in FY2010.