Michael Harty (Clare, Independent) | Oireachtas source

In the preamble to the recommendations in the PwC report, it states that the guaranteed maximum price, established through the two-stage tender process, does not provide a contractual ceiling on costs and significant residual risks remain to further cost escalation. The report was tasked with looking at the cost escalation and the reasons for it, and to identify solutions. Can Mr. Barry take us through his view of the PwC report in the context of increased governance of the project through the National Paediatric Hospital Development Board? What measures has the board taken to control cost escalation relating to design and quantity surveyor costs? There seems to be an increased risk of cost escalation above the guaranteed maximum price.