Oireachtas Joint and Select Committees

Thursday, 16 May 2019

Public Accounts Committee

National Paediatric Hospital Development Board: Financial Statements 2017 (Resumed)

9:00 am

Photo of Marc MacSharryMarc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source

The bottom line here is that nobody swings. On we go with systemic failure, culture, time issues, planning and so on. The whole team still ploughs on, except in terms of what we now know. Mr. Breslin mentioned the AECOM report, and I was going to refer to this earlier. The AECOM report on construction inflation was going to be incorporated. The exclusion is 4%. Last year, it ran at 7.5% nationally. AECOM said it will run at 7% this year. Dublin inflation is between 10% and 12%. No one in this room knows how much this thing is going to cost us because it is already a given that there is going to be a 3% margin for negotiation. It is going to be open season once inflation continues the way it is going, as far as BAM and renegotiation are concerned. Is that not correct?

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