Oireachtas Joint and Select Committees
Wednesday, 27 April 2022
Joint Oireachtas Committee on Transport, Tourism and Sport
Reform of Public Works Contracts for the Construction of Transport Infrastructure: Discussion
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
The old contracts referred to 50% inflation and required a 30-month wait. Since 1 January, the figure is 15% for inflation if companies wait 24 months. The witnesses might comment on that timeframe. Whatever will work now must be pretty straightforward because changes need to be introduced now and work straightaway. It will take a long time to get a framework for new contracts up and running.
Can the witnesses distil down for us what they would like to see in a variation? Mr. Parlon made reference to the 10% increase in the price of diesel. We are all hearing about that. Can he drill down and tell us what he would like to see in practical terms?
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