§ Mr. Dorrell
The construction work for the project for a new Inland Revenue building in Nottingham is currently at the tendering stage. Consequently the cost estimates for the various work packages remain, at present, commercial-in-confidence. It is fully expected that the outturn will be within the agreed budget for the project.
The currently estimated annual net accommodation and pay savings are around £12 million from 1996–97 following completion of the project.