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

12:00 pm

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.