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Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: How many firms are used? Does NAMA use ten different firms?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Does NAMA use 20 different firms? I want to get an idea of the range.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Well then you should know the number, if you publish it.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: What about legal firms?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: With regard to the conversation earlier with Deputies Collins and O'Donovan on building homes, my understanding is NAMA will use builders to achieve this. I presume they are selected through a procurement process or will NAMA use the builders on site?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Do they suggest to NAMA what should be built? Do they suggest two, three or four bedroomed houses?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: No it is not. It is subject to what one wants to put on site and then one makes a planning application. What is the analysis which tells NAMA what to put on the site before it applies for planning permission?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: What analysis of the market is made?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Is Mr. McDonagh happy with the analysis of a particular area which dictates the requirement, such as 100 two-bedroomed houses? Who carries out this analysis? Is it NAMA or the developer?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Is it discussed with builders who are not part of the development, just to get an assessment? Is this what the in-house analysis is all about?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Is NAMA building, or does it propose to build, 200 three-bedroomed houses within 30 miles of Dublin? Is this a proposal with any developer?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Who dictates how many houses are built? Are they all built or is a showhouse built to determine interest?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Is this down to the developer?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: The market is tested and the usual construction process begins whereby NAMA gets a list of interest in the houses.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: How much does NAMA spend on legal costs? Is it okay to ask about the Dellway case? How much does such a case cost?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: In that case. Would there be any other significant cases, without naming them, that would have cost that type of amount?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: That is a case you did not win.

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: Did you win the case?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: But it cost €2 million. What about the overall number of cases in a year, in terms of the cost of legal fees?

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: What are the administration costs?

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