Oireachtas Joint and Select Committees
Wednesday, 11 May 2022
Committee on Budgetary Oversight
Recent Cost-of-Living Measures: Discussion
Mr. John Kinnane:
There are benchmarks. They are published and there can be no dispute over this. An auditor can go back and check and the index can be viewed at the award date, and the relevant indices in that context. There is also an element of burden sharing in this scheme. It is a 70:30 split. The other issue is that this applies to a certain group of contracts and not to all contracts. If a contract was out of the fixed-price period, this scheme will not apply.