CH2M said this month it continues to wait on a ruling from the Civilian Board of Contract Appeals regarding a $40.1 million fee the company believes a former joint venture is owed for cleanup at the Energy Department’s Idaho National Laboratory.
CH2M-WG Idaho (CWI) was the prime remediation provider at the facility from May 2005 to March 2016, succeeded by Fluor Idaho. CH2M owned half of the contractor, with the rest held by Washington Group International, which was purchased in 2007 by URS Corp. (which was itself purchased by AECOM in 2014).
The contractor determined that DOE’s December 2013 final fee determination was $30 million short of what it should have made for its base contract period from 2005 to 2012, according to CH2M’s Aug. 8 10-Q filing with the U.S. Securities and Exchange Commission.
After a contracting officer rejected CWI’s claim for a total fee owed of $40.1 million in May 2014, the firm appealed to the Civilian Board of Contract Appeals. The board heard the case in April of last year, “and the post trial briefing phase is now complete. We are awaiting the decision from the Board,” the 10-Q says.
CH2M said the same thing in its previous 10-Q, filed in May. A company spokeswoman on Friday did not say whether management has any projected schedule for a ruling.
In any case, “information presently known to management” indicates the decision would not negatively impact CH2M’s financial standing, cash flow, or operations, the 10-Q says. The spokeswoman did not discuss details of that information.
Fluor Idaho’s contract, awarded in February, is worth roughly $1.4 billion over five years.
