Oireachtas Joint and Select Committees
Wednesday, 15 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. John Corrigan:
The terms of the contract of the tender were set out clearly in a document and I suppose the main condition would have been, or the main consideration would have been the unconditionality of the bids. Some bids were submitted, again just looking back on it, which were conditional, which meant that they were sort of tails hanging out of it and it wouldn't have been a clean transfer. So the main thing was to get a tender proposal that conformed with the tender as laid down at the outset of the competition and that was the main criteria.
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