Oireachtas Joint and Select Committees
Thursday, 7 July 2022
Public Accounts Committee
2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 26 - Education
2018 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 7 - Purchase of Sites for School Provision
2019 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 8 - Management of the Schools Estate
9:30 am
Mr. Hubert Loftus:
There are two aspects. One is in terms of new projects being tendered and the way they are managed in terms of construction and inflation, because projects are typically done on a fixed-price basis. That worked well over the past decade. However, given the environment we are in, there is a bit more flexibility as the tenderer is responsible for a certain level of inflation. Then there is hyperinflation-----
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