Mr. Phelim Devine:

It is based on an average of three published tender inflation indices from Linesight, AECOM and the Society of Chartered Surveyors Ireland. It is averaged and anything above 4% is payable and due to the contractor. In 2019, the published average was 6.59% so the contractor received 2.59% of certified payments for half that year because payments kicked in in the middle of the 2019-20 period. That was €1.7 million including VAT. For this year, and it is about to be determined by the employer's representative, ER, the projected figure for inflation is below 4%. It is cumulative inflation that applies so it is +2.5% for 2019 and -1.5% because it was 2.5% this year-----