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<p>The Joint Committee on the Palace of Westminster, published its report on the Restoration
and Renewal (R&R) of the Palace of Westminster in September 2016.[1]</p><p>The
report set out next steps for the Programme,[2] based on the Joint Committee’s recommendation
that a full decant be undertaken to deliver the works, stressing that timings were
indicative only and that it will be for the proposed Delivery Authority, once established,
to put together a more detailed schedule for the development of the Programme.</p><p>The
Independent Options Appraisal produced by the Deloitte-led consortium and published
in June 2015 provided estimates of the inflationary impact on capital expenditure
of a delay to the construction start date. A range of estimates were provided across
the options under consideration and at different levels of certainty. Based on the
scenario of full decant, as recommended by the Joint Committee, with some defined
improvements to the Palace, the range of predicted inflationary impacts was £78m to
£167m per annum.[3]</p><p>Additional costs for ongoing maintenance to the Palace will
also continue to be incurred.</p><p /> <p>[1] HL Paper 41 / HC 639, published 8 September
2016.</p><p>[2] p90, next steps for the R&R programme</p><p>[3] The Independent
Options Appraisal analysis was based on an assumed start date of Q2 2020 delayed to
Q2 2025</p>
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