Oireachtas Joint and Select Committees
Thursday, 13 December 2012
Public Accounts Committee
2010 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Financial Commitments under Public Private Partnerships
National Development Finance Agency Financial Statements 2011
11:10 am
Mr. Brian Murphy:
I absolutely agree with Deputy Fleming that the project specification and pre-procurement work is absolutely key to ensuring value for money from a PPP. The next elements are a competitive tendering process, an effective post-closing contract management and risk allocation. The risk should be allocated where it is best managed.