Oireachtas Joint and Select Committees
Thursday, 3 April 2014
Public Accounts Committee
2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
12:00 pm
Mr. Paul Quinn:
There is no specific formula. It depends on what is abnormally low and how competitive the markets are. Where there is a significant deviation from the mean, most contracting authorities investigate through an abnormally low tender process. In this way, they protect themselves and ensure that the goods and services are quality and the prices can be sustained throughout the contract.