Following their consideration of the pre-feasibility study on the restoration and renewal of the Palace of Westminster in October 2012, the House of Commons Commission and the House of Lords House Committee agreed that the next more detailed study should be carried out by an independent third party and that it should focus on the costs and technical issues associated with the remaining options.
The contract for an independent options appraisal (IOA) has now been awarded to a consortium led by Deloitte Real Estate and including AECOM and HOK. This follows a rigorous evaluation and selection process. Work on the study is expected to begin early in 2014.
The palace will require very significant renovation in the years to come. The Commission and the House Committee recognised in 2012 that doing nothing is not an option. They accept their responsibilities as custodians of a great iconic building and the need to ensure its future. Selection of a preferred way forward is expected to occur during the course of the next Parliament, not this one.
The contract for the IOA will set a maximum price of £2,019,295 and a fixed price (which may be lower but not higher) will be agreed two months into the contract once the consultants have become familiar with the extensive survey work already done on the palace.