Oireachtas Joint and Select Committees

Wednesday, 22 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Michael O'Flynn:

I certainly realised we were pricing ourselves out of business, for want of a better description. I probably expected prices to level off for a long time. We were fortunate in that we were able to build, project manage and develop, but others couldn't. I definitely would have said it many times to ... at meetings with Departments, which I often attend - I attended some in the last few weeks, discussing this very issue - and, certainly would have said it to the Government of the day as well, because, we were ... I would have regular interaction through the CIF, or, in recent times, more with PII, about the difficulties of having a business model that's sustainable, fundable, and that'll deliver a product.

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