Results 6,101-6,120 of 8,745 for speaker:Verona Murphy
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: I imagine that it is most advantageous to have the benefit of hindsight.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: Mr. Gunning has stated that it is set out in the contract. The contract was drawn up by the board, in conjunction with whom? I am really asking what expertise was involved.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: My time is limited. I put that question to Mr. Devine specifically.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: Grand. Is it correct that 70% of the construction phase of the project is complete?
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: Is inflation being applied to the costs of materials, such as steel, concrete and glass, retrospectively? Is the rate of inflation being applied as it is next year or as it is now?
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: The rate of inflation is around 8% currently. So, a rate of inflation of around 8% will be calculated, but not until next July. Is it correct that inflation will be calculated on the substantial materials that have probably been in situfor over two years?
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: I ask Mr. Devine not to misunderstand. My question is as follows. As we have heard, 70% of the construction of the phase of the project is complete. The materials affected most by construction inflation are those such as steel, glass and concrete, which I presume have been in place in the majority of the 70% of the construction that has been completed for two years.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: The contract stipulates that the contractor absorbs 4% and after it comes into the public realm. It was outlined earlier that the percentage is 10.24%. Is that percentage minus or plus 4% or does it include the 4%?
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: In that case, the inflation rate was 6.24%.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: I would not have thought it was. If it was, we would not be here.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: I do. What was the figure for the inflation rate paid?
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: Three board members have not been appointed. Do we need them? Assuming a construction completion date of January 2024, there are 14 months left. Have those three board members ever been in place? Did they resign or were they reappointed?
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: I appreciate that. What is the competency of the missing board members?
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: Without that person being appointed, are we delaying the progress of the contract?
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: None of the three appointees are creating a jeopardy that we may be sued for delay because we have not got them on the board.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: Ultimately, it is not causing a problem.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: Clearly not because when the contract was devised we significantly underestimated inflation. I know Mr. Gunning does not want to speculate and I do not blame him because this project could well end up costing €2.5 billion or €3 billion by the time we are finished. In everything I have seen and heard for two years at this committee I have not seen an actuarial skill that was...
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: It probably does not matter whether we have them or not. Earlier Mr. Gunning said there was no way in respect of the liquidated and ascertained damages. What would the allowable claim be from the board if one could make it against BAM? For instance, would it equate to BAM's claim against the board? I see Mr. Devine is shaking his head.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: No, this is not a case of "if". If we had the completion date when it should be, Mr. Gunning would have a fair idea.
- Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2020 (16 Jun 2022)
Verona Murphy: Does that fair idea equate to BAM's claim against the board?