Oireachtas Joint and Select Committees
Thursday, 13 February 2014
Public Accounts Committee
2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 28 - Accounts of the National Treasury Management Agency
Chapter 29 - Clinical Indemnity Scheme
2012 Annual Report and Accounts - National Pensions Reserve Fund
2:40 am
Mr. Eugene O'Callaghan:
We have looked at the matter and we have built in to the contract the best terms that are legally enforceable in that situation. There are question marks around the penalties because one has to have suffered damages in order to get more than the amount that was directly overcharged, for example. We have maximised the position. We have specifically reflected that in the negotiation of the contracts and we have done the best, legally, that we are able to do.
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