Oireachtas Joint and Select Committees

Tuesday, 13 July 2021

Public Accounts Committee

National Paediatric Hospital Development Board: 2019 Financial Statement (Resumed)

9:30 am

Mr. David Gunning:

There is an inflation clause in the contract. It states that construction inflation above 4% becomes a cost the State will bear and below 4% it is the contractor's responsibility. The inflation is measured in a particular way based on indices in the market. We have calculated what the contractor is responsible for in 2019 and 2020. I will pass the question to Mr. Devine who will answer the question in terms of specific payments to the contractor.

Comments

No comments

Log in or join to post a public comment.