Oireachtas Joint and Select Committees
Tuesday, 3 July 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Role and Operation of National Development Finance Agency: Discussion
1:30 pm
Mr. Gerard Cahillane:
We carry out a test called the value for money test before we sign the contracts. We compare the tendered price against a benchmark. That benchmark is what the cost would be if the State built the facility and maintained it for 25 years on a traditional basis. We compare the two figures. We had to carry out that test before we signed the contract, and it was favourable.
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