Oireachtas Joint and Select Committees

Thursday, 5 December 2019

Public Accounts Committee

National Paediatric Hospital Development Board: Financial Statements 2018

9:00 am

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

In a sense then it is a qualified guarantee. What the public expect and hear when one says there is a "guaranteed maximum price" is that not a cent more above the €1.433 billion will be spent because we have a guaranteed maximum price. When most lay people hear the words "guaranteed" and "maximum" they will think that is the price and the amount will not go beyond that but that is not the case. Can we at least accept as a start that the guaranteed maximum price is a qualified maximum price and that it is possible if not likely that the price will be higher than €1.433 billion?

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