Michael Harty (Clare, Independent)
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When the National Paediatric Hospital Development Board was here at the end of January, its representatives identified a number of risks to the guaranteed maximum price. One was construction inflation, which was pitched at 4%.

If construction inflation were to increase to 7%, it would add €47 million to the cost of the project. If it increased to 10%, €96 million would be added and if it rose to 14%, it would add €166 million. They also identified new design elements, as Mr. Barry stated, which have not been incorporated so far. It was a rolling design in the context of the two-stage process. The PwC report identifies this rolling design as having increased the risks relating to costs. There are also factors outside the control of the board, such as changes in VAT-----