Oireachtas Joint and Select Committees
Thursday, 23 May 2013
Public Accounts Committee
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 10 - Office of Public Works
Mr. Paul Quinn:
This is part of the methodologies I referred to earlier. We are standardising our definitions for cash savings and cost avoidance. The procurement activity can drive a number of benefits, some of which are bottom line cash and some are non-cash, such as cost avoidance in an inflationary market.