Mr. Robert Watt:

I have said this to committees previously, and when we discussed the children's hospital I produced the data. The vast majority of projects come in on time and on budget. I wish to deal with this notion of overruns. Someone planning on building something might think it would cost €20,000. Following preparation of a detailed specification, the final bid might indicate it will cost €50,000 and then eventually after the contract it comes in at €55,000. The overrun is €55,000 against €50,000; it is not €55,000 against €20,000. The Chairman will know this from his time-----