Oireachtas Joint and Select Committees

Thursday, 13 December 2012

Public Accounts Committee

2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011

11:40 am

Mr. Brian Murphy:

That is the problem and the difficulty with exercising commercial judgment. The Deputy and I might believe that a certain approach is absolutely the one to be pursued, but the law might say something else. It is a very difficult balancing act. On the non-payment of subcontractors, as the Deputy is aware - we discussed the year before last, if not last year - one of the main contractors on the first and second bundles of schools went into liquidation. One has to understand the business model. One has to understand where our legal responsibility lies in relation to the PPP company. I understand that everybody involved in the second bundle of schools ended up getting paid. I will ask Mr. Burgess to talk about this in a moment.

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