Oireachtas Joint and Select Committees

Thursday, 12 July 2018

Public Accounts Committee

2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017

9:00 am

Mr. Ian Black:

We procured the contract in 2016. As part of the procurement and tender process, a percentage of the fee is normally paid on the vendor being appointed and signing the contract. The due amount was paid for the next phase, which was the planning stage. Thereafter, a design phase was gone through but our requirements were not met. We allowed the company a second attempt to resolve the issues but it failed to meet our requirements. Our decision to terminate the project was based on a lack of confidence in the performance of the vendor and, indeed, evidence that it had four project managers on the project but was failing to perform.

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