Oireachtas Joint and Select Committees
Thursday, 5 December 2019
Public Accounts Committee
National Paediatric Hospital Development Board: Financial Statements 2018
9:00 am
Mr. Fred Barry:
I am not sure about the specific wording of the clause, but I would say that in the industry generally, contractors will willingly enough give fixed price without inflationary increase for up to three years. If one gets to four years, it is difficult. I know certainly in the private sector, in which I am very involved at the moment, nobody will give fixed price contracts for large amounts for such a long-term contract as this one.
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