Base Year - 36-Month Contract Commenced on July 1, 2005 3 YR Base: Base 3 of 3 (JUL 1, 2007 - JUN 30, 2008): $28,479.973 Year 1 of 3 July 1, 2005 June 30, 2006 Year 2 of 3 July 1, 2006 June 30, 2007 Year 3 of 3 July 1, 2007 June 30, 2008 Option Period I Commences Upon Expiration of the Base and Extends for 36 Months (3 Years) 3 YR OPT: OPT 1 (JUL 1, 2008 - JUN 30, 2011): $102,025,330.58 Year 1 of 3 July 1, 2008 June 30, 2009 Year 2 of 3 July 1, 2009 June 30, 2010 Year 3 of 3 July 1, 2010 June 30, 2011 Option Period II - Commences Upon Expiration of the Option I and Extends for 36 Months (3 Years) 3 YR OPT: OPT 2 (JUL 1, 2011 - JUN 30, 2014): $104,939,247.08 Year 1 of 3 July 1, 2011 June 30, 2012 Year 2 of 3 July 1, 2012 June 30, 2013 Year 3 of 3 July 1, 2013 June 30, 2014 Option Period III - Commences Upon Expiration of the Option II and Extends for 36 Months (3 Years) 3 YR OPT: OPT 3 (JUL 1, 2014 - JUN 30, 2017): $108,123,761.33 Year 1 of 3 July 1, 2014 June 30, 2015 Year 2 of 3 July 1, 2015 June 30, 2016 Year 3 of 3 July 1, 2016 June 30, 2017 Option Period IV Commences Upon Expiration of the Option III and Extends for 36 Months (3 Years) 3 YR OPT: OPT 4 (JUL 1, 2017 - JUN 30, 2020): $111,601,579.58 Year 1 of 3 July 1, 2017 June 30, 2018 Year 2 of 3 July 1, 2018 June 30, 2019 Year 3 of 3 July 1, 2019 June 30, 2020 Option Period V Commences Upon Expiration of the Option IV and Extends for 36 Months (3 Years) 3 YR OPT: OPT 5 (JUL 1, 2020 - JUN 30, 2023): $112,323,391.58 Year 1 of 3 July 1, 2020 June 30, 2021 Year 2 of 3 July 1, 2021 June 30, 2022 Year 3 of 3 July 1, 2022 June 30, 2023
Contract Overview
Contract Amount: $44,898,062 ($44.9M)
Contractor: Corecivic, Inc.
Awarding Agency: Department of Homeland Security
Start Date: 2007-06-12
End Date: 2008-09-30
Contract Duration: 476 days
Daily Burn Rate: $94.3K/day
Official Description: BASE YEAR - 36-MONTH CONTRACT COMMENCED ON JULY 1, 2005 3 YR BASE: BASE 3 OF 3 (JUL 1, 2007 - JUN 30, 2008): $28,479.973 YEAR 1 OF 3 JULY 1, 2005 JUNE 30, 2006 YEAR 2 OF 3 JULY 1, 2006 JUNE 30, 2007 YEAR 3 OF 3 JULY 1, 2007 JUNE 30, 2008 OPTION PERIOD I COMMENCES UPON EXPIRATION OF THE BASE AND EXTENDS FOR 36 MONTHS (3 YEARS) 3 YR OPT: OPT 1 (JUL 1, 2008 - JUN 30, 2011): $102,025,330.58 YEAR 1 OF 3 JULY 1, 2008 JUNE 30, 2009 YEAR 2 OF 3 JULY 1, 2009 JUNE 30, 2010 YEAR 3 OF 3 JULY 1, 2010 JUNE 30, 2011 OPTION PERIOD II - COMMENCES UPON EXPIRATION OF THE OPTION I AND EXTENDS FOR 36 MONTHS (3 YEARS) 3 YR OPT: OPT 2 (JUL 1, 2011 - JUN 30, 2014): $104,939,247.08 YEAR 1 OF 3 JULY 1, 2011 JUNE 30, 2012 YEAR 2 OF 3 JULY 1, 2012 JUNE 30, 2013 YEAR 3 OF 3 JULY 1, 2013 JUNE 30, 2014 OPTION PERIOD III - COMMENCES UPON EXPIRATION OF THE OPTION II AND EXTENDS FOR 36 MONTHS (3 YEARS) 3 YR OPT: OPT 3 (JUL 1, 2014 - JUN 30, 2017): $108,123,761.33 YEAR 1 OF 3 JULY 1, 2014 JUNE 30, 2015 YEAR 2 OF 3 JULY 1, 2015 JUNE 30, 2016 YEAR 3 OF 3 JULY 1, 2016 JUNE 30, 2017 OPTION PERIOD IV COMMENCES UPON EXPIRATION OF THE OPTION III AND EXTENDS FOR 36 MONTHS (3 YEARS) 3 YR OPT: OPT 4 (JUL 1, 2017 - JUN 30, 2020): $111,601,579.58 YEAR 1 OF 3 JULY 1, 2017 JUNE 30, 2018 YEAR 2 OF 3 JULY 1, 2018 JUNE 30, 2019 YEAR 3 OF 3 JULY 1, 2019 JUNE 30, 2020 OPTION PERIOD V COMMENCES UPON EXPIRATION OF THE OPTION IV AND EXTENDS FOR 36 MONTHS (3 YEARS) 3 YR OPT: OPT 5 (JUL 1, 2020 - JUN 30, 2023): $112,323,391.58 YEAR 1 OF 3 JULY 1, 2020 JUNE 30, 2021 YEAR 2 OF 3 JULY 1, 2021 JUNE 30, 2022 YEAR 3 OF 3 JULY 1, 2022 JUNE 30, 2023
Place of Performance
Location: California, 92101