Oireachtas Joint and Select Committees

Thursday, 15 December 2022

Public Accounts Committee

2021 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 13 - Office of Public Works
Chapter 8 - Contract payments in respect of Convention Centre Dublin

9:30 am

Mr. Maurice Buckley:

All of our costings are done by quantity surveyors who work closely with the market expectation for construction. All the costings done since the middle of last year have increased the level of inflation that is calculated into the price. If a project is going to take three years to complete, the inflation will be calculated for each of those three years. That figure may rise and will be adjusted.

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