Oireachtas Joint and Select Committees

Wednesday, 25 September 2024

Joint Oireachtas Committee on Health

Update on Construction of New National Children's Hospital: National Paediatric Hospital Development Board

9:30 am

Mr. David Gunning:

That has the effect of neutralising that decision. Under the contract, we are required to pay the money but we are only required to pay the money on two conditions. The first is that the contractor initiates legal proceedings in the High Court and the second is that we get a bond for that money. We have paid the money but we now have a bond through a bondsman who is providing it to the development board in relation to that money.

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