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

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

Looking at the Exchequer costs, if it was making approximately 3.8% margin and it is now going down to 2% and there is inflation in costs, which I put at 30% to 40%, one is looking at contracts being priced at very small margins. We are probably looking at 30% to 40% and almost a quid pro quo from the increase in costs to the increase in the contract price. Is that a fair comment?

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