Results 3,661-3,680 of 5,949 for speaker:Paul McAuliffe
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: I thank Mr. Tierney and Mr. Gunning for their opening statements, although I echo the comments of the Vice Chairman. Everyone in this room is very busy. Nobody is more or less busy than anybody else. In terms of programming the witnesses' preparation for these meetings, many of us finished late last night and there was a very tight window for the first time we got a chance to read some of...
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: They are payments of €1.7 million and €1.5 million. Is that correct?
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: That is a figure I did not have. To clarify, Mr. Gunning is saying the 2021 figure is an additional cost of €17.89 million as a result of inflation.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: Yes, I am familiar with it.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: Has any estimate been done for 2022?
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: And it may be more than that.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: Yes.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: I accept that, yes.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: So €30.4 million in one projected scenario and I accept-----
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: I accept that. Then on payments to date, Mr. Gunning is saying those are €17.8 million.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: I am sorry, €21.16 million. That then explains why the board has only reduced the capital commitments by €110 million.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: When you bring those two figures together, and as I said, I think it is echoed in the statements around the capital commitments where the board reduces it - not by the whole €165 million but only by €110 million. The inflationary impact of the project to date for 2019, 2020, 2021 and 2022 could be as high as €51 million.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: The figures around this project are always eye-watering-----
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: -----but that figure alone - there are capital projects that Mr. Tierney deals with that are €51 million all on their own.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: That is the figure the board is expecting. The question then is how did we get to that point. The figure inserted into the contract was 4%. How did the board arrive at that figure?
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: Was the contractor-----
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: -----a source of information when the board was sourcing that figure or did the board independently source it?
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: The buck seems to have been passed to Mr. Devine, so why do I not ask him?
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: All right.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Paul McAuliffe: And it would be paid 100% by the State. There was no sharing of that risk above the 4%.