Oireachtas Joint and Select Committees

Thursday, 11 October 2018

Public Accounts Committee

2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 13 - Office of Public Works
Chapter 6: Lease of Offices at Miesian Plaza

9:00 am

Mr. Maurice Buckley:

If I could just explain, because it is a little bit complicated. Had nothing else happened, we would have saved €40 million to €50 million by negotiating a very competitive rent rate on the basis of the different points the Deputy raised. Unfortunately, because of the measurement issue, which we hope to clarify, but let us say we cannot, that has eaten into that €45,000 saving. The delay in occupying the building, which I would argue was about five to six months, so it is part of the €11 million figure the Deputy mentioned, but it is not the full figure by any means, has also eaten into that saving, but there is still a significant saving.

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