Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

However, there is an inherent flaw at the moment with the new contracts in terms of timing. I accept that 15% is fine, but we need to wait 24 months before it can be used. Within that 24 months, the contractors probably will not tender because they think the risk is too high. The ones who already have it are caught in an inflationary spiral affecting their cash flow. If they are prior to 1 January, they have to have a 50% increase in inflation and they have to wait 30 months. The problem is that the system is not keeping pace with the changes in the external business environment for these contractors. Mr. Mullaney is confirming to Deputy Canney that it has been in place since 18 January. The Deputy has obviously had contact with contractors and contracting authorities who have not been informed of this change. Is that correct?