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.
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