Oireachtas Joint and Select Committees
Thursday, 5 February 2015
Public Accounts Committee
Business of Committee
10:00 am
Mr. Seamus McCarthy:
It does not affect it unless there is a clause written into the contract providing that the price will vary in line with a market indicator or something. I think that would be relatively unusual. We have seen cases in the private and public sectors in which prices were paid for land two or three years after the agreement was made, when the value of the land may have changed. One is committed to the price or the value that one agreed in the earlier period.
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