STEP Engineering Partner and Construction Partner

Description

UKAEA (on behalf of UKIFS - a special purpose vehicle to be established during the procurement process as the delivery body for STEP) is conducting this Procurement for an Engineering Partner (EP) and a Construction Partner (CP), who, together with a Fusion Partner (determined to be UKAEA), will bring together and develop extensive industrial capabilities to design and build a UK prototype fusion energy plant capable of delivering net-energy to the grid, and build a world-leading fusion delivery industry. The Procurement is divided into two lots: • Lot 1: Engineering Partner (EP) • Lot 2: Construction Partner (CP) Both contract terms will be an initial three (3) year period, followed by three (3) optional extension periods of four (4), six (6) and seven (7) years (these durations are subject to change as the Programme develops). UKIFS will have the right to exercise an extension option on six (6) months' notice. The maximum contract duration for both contracts will be twenty (20) years with an estimated value of £10,000,000,000 each across this period.