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
Mr. Paul Sheridan:
It is very confusing. It is cumbersome and confusing because it is the proven cost method, and there are all sorts of definitions of "price". It is very cumbersome. The preference would be to use something like a formula that is in the NEC. In this context, everybody would sit down and the numbers would be plugged in. Mathematics would identify the number that would represent commodities, and that is what would be allowed. One would not get all of that, but only a certain amount, because one would have to have taken some account of the situation. That is the simple mechanism that is used-----
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