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Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: I thank Ms Campbell. I want to focus on the two spin-out companies.

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: What is the institute's shareholding in both spin-out companies?

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: Who in the institute protects its interests? Who decides what the equity stake of the institute should be?

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: To whom does the committee report back?

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: Who owns the policies? There is always a policy owner. If there is a policy, who is the owner? It is not the governing body. In terms of management and staff-----

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: Ms McCausland would not personally have any shareholding or would not be a director.

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: If she were, would she regard it as a conflict of interest?

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: Ms McCausland has a management role, an oversight role.

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: If it was the case that Ms McCausland was a shareholder in any of the two companies, because of her role, she would also be the person who would have a governance and a management role.

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: I want to come back to the issue raised about the JJB facility. There was a tender for equipment.

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: Will Ms Campbell talk me through it first?

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: Just to be sure I am clear on the process - I am only concerned about the process - there was a tender process in the hiring of fitness equipment for the newly established facility. That is what the tendering process was for in the first instance.

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: How long did the tendering process last?

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: How many tenderers were in the game?

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: What were the conditions at the time of tendering?

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: Will Mr. O'Driscoll be more specific?

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: Is it correct to say the original tender was for the hire of equipment over a four-year term, with an option to renew for a further 12 months.

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: When the contract was eventually signed with the winning tenderer, were they the terms of the contract?

Public Accounts Committee: Dundalk Institute of Technology: Financial Statement 2015 (30 Mar 2017)

David Cullinane: Therefore, when the contract was signed, it was for a four-year term, with an option to renew for a further 12 months.

Public Accounts Committee: University of Limerick: Financial Statements 2014-2015 (30 Mar 2017)

David Cullinane: We have plenty of time.

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