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. Jim Breslin:

There was a huge decision involved in this. In September, the board which I chair was informed that there was a significant escalation in the costs for this project. We were not at the point where that had been fully completed. Work was still going on in concluding the guaranteed maximum price, GMP. If were in a calmer environment, where we were not already on site and in a contractual relationship, we would take a stand back and probably spend a year going through this but we knew that we were going to be under pressure once that GMP process completed to make a decision on it.

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