Oireachtas Joint and Select Committees

Thursday, 5 December 2019

Public Accounts Committee

National Paediatric Hospital Development Board: Financial Statements 2018

9:00 am

Mr. Fred Barry:

That would be for longer-term costs. One will get fixed prices readily enough for two or three years. With inflation rising, getting out to four years is very difficult and certainly, one will not get bigger contractors to give fixed prices for anything going beyond that without an inflationary adjustment for a project lasting seven or eight years. I do not think one would get that in a public or private project.