Oireachtas Joint and Select Committees

Wednesday, 15 May 2013

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform

Construction Contracts Bill 2010: Committee Stage

3:10 pm

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent) | Oireachtas source

I am pleased the Minister of State is looking at monitoring but it is also a matter of the construction of the contracts. The kind of ratios I have seen embedded in some of this are extraordinary. Private contractors would not let the other party make as much profit for the level of capital risk and IP they are bringing to the table as the State allows the private sector to make.

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