Oireachtas Joint and Select Committees

Thursday, 16 June 2022

Public Accounts Committee

National Paediatric Hospital Development Board: Financial Statements 2020

9:30 am

Mr. David Gunning:

The contract provides this is calculated by July of the following year, so we will be estimating 2022 in July of next year. That will be based upon, primarily, what are the payments to the contractor. That is the first point. That gets multiplied by the percentage. I can give the Deputy a scenario we have put together in which we assume €200 million of payments to the contractor in 2022 and if we assume the forecast tender price inflation for 2022 is 10% then-----