Seán Fleming (Laois, Fianna Fail) | Oireachtas source

That is for units built. Will Mr. O'Kelly try to get us the figure for the end of December 2017 to which that €526 million relates? We hear the big figure and for €526 million, we have 1,000 houses so far, and I know there are a lot to come. We are here to talk about delivery but has not happened in spite of the amount of money provided. Perhaps Mr. O'Kelly could give the committee an estimate for how many houses it expects to complete this year, next year and the following year from that €526 million. This is a reasonable question. People are now talking about delivery.

I will go through the annual report systematically. In regard to the global portfolio managers, was there a change of those managers during 2017 and what criteria are there for rolling over the contracts? What are the procurement arrangements? Do they get the contract for a two year or three year period? Talk to me about the general nature of the contract for companies such as Goldman Sachs Asset Management, J.P. Morgan Asset Management, Irish Life Investment Managers, Amundi Asset Management, Blackrock Investment Management, Deutsche Asset Management and so on? What is the typical arrangement the NTMA has with these companies and how does it procure the services?