Oireachtas Joint and Select Committees
Thursday, 16 May 2019
Public Accounts Committee
National Paediatric Hospital Development Board: Financial Statements 2017 (Resumed)
9:00 am
Mr. Paul Quinn:
There are two main factors, one of which is cost inflation which impacted on the project. Between the initial estimates and the figure of €983 million agreed to by the Government in April 2017 there was a substantial inflationary impact. The second aspect is the very considerable underestimation of quantities.
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