Oireachtas Joint and Select Committees
Thursday, 7 November 2013
Public Accounts Committee
Bord na gCon - Annual Accounts 2011
11:10 am
Derek Nolan (Galway West, Labour)
Link to this: Individually | In context | Oireachtas source
I understand what Mr. Neilan is saying, but what he is really saying is that the board got hit with an extra cost and was lucky that building costs decreased as well, preventing it from being caught. That is not a saving. It means that the board lost out on the benefit that it should have received from cheaper prices in the construction industry, as it had not built this provision into its site price at the time.