Mr. David Moloney:

The public spending code is a set of guidelines that are intended to facilitate projects in a rational and planned way. It is not the intention to stop a project. The intention is to be very clear about the specification and as clear as possible about the costs from the outset. We are very much informed by a lot of the work the committee has done on particular projects in terms of what can go wrong. We are also very informed by international experience, which suggests, as I said before, that the better planned and specified a project is from the start, the better hope we have of delivering that project on time and on budget. The public spending code has that emphasis.