Serco to pay $8 mln to Corrections after step-in clause invoked in Mt Eden contract

Sun, 03 Apr 2016

By Jonathan Underhill April 4 (BusinessDesk) - Serco has agreed to pay $8 million to Corrections after the department stepped in last July to manage the Mt Eden Corrections facility. The payment is to cover the costs after Corrections chief Ray Smith invoked a step-in clause in the Crown's contract with Serco, taking back management, and the cost of settling performance notices, said Corrections Minister Judith Collins. The multinational outsourcing group is awaiting the outcome of a judicial review into reports of its management of th...

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