Mr. Brian Murphy:

Two high profile projects which we have closed in the past couple of years were school bundles Nos. 1, 2 and 3. School bundles Nos.1 and 2 are closed and are built and delivered, while school bundle No. 3 was closed a couple of weeks ago. Thankfully, the builders are on site and the construction is taking place. The contractor in school bundle No. 1 went into liquidation. This was a major Irish contractor. Fortunately, 98% of the work was completed so we got the project finished out, everything was fine and everything was handed back to the Department of Education and Skills. We had a structure in place in the second bundle with joint contractors who were two large Irish contractors. We structured it so that it was a joint venture with joint and several responsibility.