Oireachtas Joint and Select Committees
Thursday, 7 March 2019
Public Accounts Committee
Oversight and Implementation of Capital Projects and the Role of Public Officials on State Boards: Department of Public Expenditure and Reform and the Office of Government Procurement
9:00 am
Mr. David O'Brien:
In our contracts, they are fixed price for a period of 30 to 36 months depending on the fixed variation clause being used. At the end of that period, and this would be the case in a project of long duration such as the hospital, there is an entitlement to recover. That is the case in most construction contracts.