August 2, 2004—Whitestone Research Corporation has been awarded a Department of Energy (DOE) contract for the parametric estimation of deferred maintenance at eight sites administered by the National Nuclear Security Administration.
The award follows a demonstration project in which Whitestone’s MARST cost forecast system was used to estimated deferred maintenance at Lawrence Livermore National Laboratory. MARST estimates were within 6 percent of the actual costs determined by facility inspectors, and more accurate than a competing methodology also evaluated. The Whitestone approach costs less than half of traditional condition assessments. The value of the contract is $1.4 million.
Whitestone Research, with headquarters in Santa Barbara, California, specializes in applied economic research and software development. Whitestone products and services are used every year by hundreds of major corporations, government agencies, and public and private institutions.
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