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:
The €983 million was the tendered cost that emerged from the tendering process. Effectively, the significant shift between the initial cost and that cost was really inflation because, again, when the project was commenced there was very little inflation in the tendering market, but by the time we hit the market in 2016, there had been a substantial increase in tender prices.
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