questionText: To ask the hon. Member for Blaenau Gwent and Rhymney, representing the Restoration and Renewal Client Board, with reference to the stated annual cost of delay of £70 million and the estimated additional £250–350 million annual inflationary impact, what methodology was used to calculate those figures; what assumptions were made regarding construction market conditions; whether independent validation of those delay cost estimates was commissioned; what sensitivity analysis was undertaken to model lower inflation scenarios; and whether those delay figures include all ongoing maintenance expenditure irrespective of the R&R Programme.
answerText: It is estimated that the cost of delaying starting the delivery phase of the Restoration and Renewal (R&amp;R) Programme is around £70m per year at current prices. It is estimated that there would be a further £250m to £350m in the inflationary impact on ...
heading: Palace of Westminster: Repairs and Maintenance