Oireachtas Joint and Select Committees

Tuesday, 22 November 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

10:00 am

Photo of Alan KellyAlan Kelly (Tipperary, Labour) | Oireachtas source

Mr. Long has, in fairness, repeatedly said that this piece of work was different to the others that are compared in the report by the Comptroller and Auditor General. I am anxious to know if this was one of the handiest gigs Lazard ever got as regards workload. How sizeable was the workload relating to this matter? It was a very quick process - let us be honest - compared to other examples. This was a very, very quick process. How large was the workload in terms of the volume of people and the number of man hours involved? All consultancy of this sort, which I note was based on a success fee, has to be calculated in terms of all this internally. How much work was involved, particularly as €4.3 million is a hell of a payment for such a short period? Lazard must have been working all the hours God gave.

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