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UK Project Finance & Schedule

UK Project Finance & Schedule. Overview. Finance September Position Presented last OsC Feb Finance – submitted in Report Budget for FY 2013/14 Forward look to complete step VI Budget for FY 2013/14 Schedule Installation to step IV. MICE Finances - September. Income:-

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UK Project Finance & Schedule

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  1. UK Project Finance & Schedule

  2. Overview • Finance • September Position Presented last OsC • Feb Finance – submitted in Report • Budget for FY 2013/14 • Forward look to complete step VI • Budget for FY 2013/14 • Schedule • Installation to step IV

  3. MICE Finances - September Income:- External Common Fund:- £147k TIARA - £45k EUCard:- Assumed same as last yr £45k Bring forward:- £100k Encumbrances:- £80k Negative Variance £87k • Encumbrances to be invoiced FY 2012/13 to avoid carry over – mostly BPG • Staff OTL bookings being monitored

  4. MICE Finance – Feb 2013 submitted in OsC Report • Assumptions • AFC#1 final payment not made • AFC#2 stage payment made • Encumbrances not included as receipting date passed at time of submitting • Additional £150k bring forward from EB declined as AFC#1 payment no longer required • Variance £4k

  5. Budget Setting for FY 2013/14 • This budget has been revised downwards yet still allows delivery of all major items & infrastructure for step IV operation. • Staff costs have been reduced in the following work packages: • Project management office • Hydrogen system • Operations & Analysis – management and systems experts • Fixed costs reduced in the following:- • Hydrogen System • Operations & Analysis • Options are being considered to reduce this overspend of 7.4%

  6. Budget for FY 2013/14 – Saving Option 1 • Saving Option 1 • Don’t build the new rack and control room • Disadvantages • Worked for some considerably time to get agreement from ISIS for this not to go forward this yr • Cooling Channel Control Racks will have to go behind North wall for step IV then re-routed to the new rack room for step VI. Effectively doing the electrical installation twice • Staff costs have been reduced further in the following work packages: • Project management office • Hydrogen system • This option reduces overspend to 1.9%

  7. Budget for FY 2013/14 – Saving Option 2 • Saving Option 2 • Cease work on RF work package – Plan to miss the TIARA milestone • Disadvantages • TIARA income of £35k this yr until end December to demonstrate RF power operational in MICE hall. Would not be able to use this income. • Damaged reputation of STFC • Staff costs have been reduced further in the following work packages: • Project management office • Hydrogen system • This option reduces overspend to 4.7%

  8. Forward Look Spend to Step VI • Work in progress to set 2013/14 budget • Assumes flat cash allocation • Some levelling still to do for 2017/18 onwards • Proposed delivery of RFCC#2 will means an allocation will be needed in 2019/20

  9. Schedule Overview • Base level schedule that is – racks are installed behind North wall. • As a result of magnetic field mitigation issues we need infrastructure work to move compressors to west wall. • all compressors installed on West Mezzanine – compressors not installed till Feb 2014. • SS’s & Tracker’s assembled in R9 then moved to MICE Hall. • Magnet training of SS begins after cooling channel is installed (this includes EMR, KL & TOF) • 15 weeks total for all magnet training after cooling channel is installed. • Step IV completion now -  19th August 2014 • Spectrometer Solenoids & Trackers, installed in series due to limited resources. • No return yoke installation shielding considered at this point

  10. Pre Installation Work in R9 • Carry out commissioning & mapping of AFC#2 in R9 • Install Trackers in Spectrometer Solenoids in R9 • Tracker installations carried out in series due to limited resources • More space available • Less risk of damage with on going infrastructure work in MICE Hall

  11. Mechanical Integration Work in Hall • Relocating compressors to West Wall involves a lot of work • Mezzanine structure, services, supports • Means we need to make other Hall modifications • South mezzanine air con, stairs, crane, existing west wall services • New Rack Room & Control Room being considered, if agreed will not effect the completion date for step IV

  12. Electrical Installation Work • Cable termination work for racks & SS begins after SS installed in MICE Hall. • Rack controls and commissioning required before magnet training.

  13. Step IV Installation • Magnet training of SS begins after cooling channel is installed (this includes EMR, KL & TOF) • 15 weeks total for all magnet training after cooling channel is installed. • Step IV completion now -  19th August 2014 • No return yoke installation shielding considered at this point

  14. Step IV Critical Path • As part of the stray-field mitigation exercise, a mezzanine to support the compressors will be constructed at the west end of the Hall • The implementation of the new infrastructure and the necessary modifications to other structures and services in the Hall forms the critical path

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