Oireachtas Joint and Select Committees
Thursday, 15 December 2022
Public Accounts Committee
2021 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 13 - Office of Public Works
Chapter 8 - Contract payments in respect of Convention Centre Dublin
9:30 am
Mr. Maurice Buckley:
No. The feature of the public works contract is that it is a fixed-price contract. The contractor takes on board all of the risk at the time it agrees the contract. Arrangements have been made with the Office of Government Procurement to give an allowance for inflation for contracts being placed.