Oireachtas Joint and Select Committees

Wednesday, 16 January 2019

Joint Oireachtas Committee on Health

National Children’s Hospital: National Paediatric Hospital Development Board

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Fianna Fail) | Oireachtas source

I understand all of that and, in fairness, the delegates have laid it out. On that point - the profit margin of the main contractor - the initial bid was €687 million. It would have included a profit margin, an internal rate of return, a return on invested capital or whatever metric the contractor wanted to use. There will be a net current value of the contract. Given that there is an additional €450 million and more since - nearly €1 billion more - has the contractor's margin or total profit increased substantially, or potentially decreased substantially?

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