In March 2017, Westinghouse Electric Company filed for Chapter 11 bankruptcy due to losses from its two U.S. nuclear construction projects. The U.S. government has given $8.3 billion of loan guarantees to help finance construction of the Vogtle reactors, and a way forward to completing the plant has been agreed upon. On July 31, 2017 Southern Company division, Southern Nuclear, officially took over construction from Westinghouse and opened a bid for a new construction management contract to manage the day-to-day work on the site. Southern received bids from both Fluor and Bechtel. On August 31, 2017, Southern announced its decision to move forward with Bechtel to be the day-to-day construction manager for the remainder of the project. Bechtel will replace Fluor, who will no longer be involved in the project.