Opinion of probable cost: Centre Block project due diligence report: Cost report
This Opinion of Probable Cost outlines the hard construction costs for both the restoration and modernization of the Centre Block and construction of the Parliament Welcome Centre as per the summary table noted below:
| Cost Breakdown | Centre Block Cost | Parliament Welcome Centre Cost |
|---|---|---|
| Net Building Cost of Construction | $1,540,065,366 | $447,896,093 |
| General Requirements + Construction Management Fees + Bonds and Insurance | $462,019,610 | $118,657,414 |
| Subtotal Construction Estimate | $2,002,084,976 | $566,553,507 |
| Design Contingency | (25%) $385,016,342 | (15%) $67,184,414 |
| Construction Contingency | (20%) $308,013,073 | (10%) $44,789,609 |
| Subtotal Without Escalation | $2,695,114,391 | $678,527,530 |
| Hard Cost Escalation | $304,877,241 | $54,179,000 |
| Total Hard Construction Estimate | $2,999,991,632 | $732,706,530 |
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