Oireachtas Joint and Select Committees

Thursday, 16 December 2021

Public Accounts Committee

2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 38 - Health

9:30 am

Mr. Robert Watt:

The 4.5% relates to the price increase by 2019. I am not sure of the formula but the price level increased by 4.5% above a particular benchmark in 2019. If the price level continues to go up, I am not sure exactly how that formula works but I can get back to the committee on that. It also relates to a part of the contract but does not relate to all of it. The materials element would be one part of it, wages are another part of it and so on. I am not quite sure of the proportion of the costs of the value left-----


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