Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

For us, as a committee, it is clear that we have an alarming situation developing in terms of inflation, particularly with contracts. I shall put this in stark terms. First, we have existing contracts that are bound to put no claims in for inflation for 30 months and then they can submit a claim only if inflation is 50% above the contract price. Second, the newer contract has existed since 1 January and contractors cannot submit a claim for 24 months and only where inflation rises above 15%. Has TII had any claims concerning inflation in recent times?