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:
There are several reports. As to how our contract works, we have to look at three indices relating to inflation. Those indices are published by three different bodies and we have to do an average of those three indices and apply them to the contract. However, we only pay above 4%. The contractor took the risk on 4%. We have produced the table previously for the committee. We will update the table. What we have paid in inflation to the contractor - this is a more direct way of answering - is about €48 million over and above. It is in the slide.
No comments