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Public Accounts Committee: Business of Committee (5 Dec 2019)

David Cullinane: Yes.

Public Accounts Committee: Business of Committee (5 Dec 2019)

David Cullinane: It happened because water infrastructure had been nominally rated up to that point. It was just money in, money out. Through no fault of the local authorities, the Valuation Office had no choice but to rate the water infrastructure. Waterford services the south east with wastewater treatment plants, but the apportionment is not based on those. Rather, it is based on population. The...

Public Accounts Committee: Business of Committee (5 Dec 2019)

David Cullinane: I am just looking for clarity.

Public Accounts Committee: Business of Committee (5 Dec 2019)

David Cullinane: No, I got it from the CEO of Waterford City and County Council. The last column shows the budgetary adjustment, that is, how much each local authority gains or loses.

Public Accounts Committee: Business of Committee (5 Dec 2019)

David Cullinane: Of course.

Public Accounts Committee: Business of Committee (5 Dec 2019)

David Cullinane: We should also note that Laois County Council gained by €700,000, as did Offaly County Council.

Public Accounts Committee: Business of Committee (5 Dec 2019)

David Cullinane: As did Waterford City and County Council. I am not sure about Galway County Council. I would have to take a look.

Public Accounts Committee: Business of Committee (5 Dec 2019)

David Cullinane: It is keeping him in a job.

Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2018 (5 Dec 2019)

David Cullinane: I wish to echo the Chairman's comments. I have a concern as well because what we got was a presentation on the build which is nothing to do with our job. That is for the health committee. The witnesses are before the Committee of Public Accounts and what we expect is up-to-date information on costs, with proper breakdowns. We have many questions and I hope we will get the answers. If we...

Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2018 (5 Dec 2019)

David Cullinane: Go raibh maith agat. Before I put questions to our witnesses I want to make the following clear. I do not like witnesses taking a casual approach to the Committee of Public Accounts and getting irritated when questions are put. I very much hope that there will be a step change as the meeting progresses because we can stay here and ask a second, third and fourth round of questions, if needs...

Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2018 (5 Dec 2019)

David Cullinane: In a sense then it is a qualified guarantee. What the public expect and hear when one says there is a "guaranteed maximum price" is that not a cent more above the €1.433 billion will be spent because we have a guaranteed maximum price. When most lay people hear the words "guaranteed" and "maximum" they will think that is the price and the amount will not go beyond that but that is...

Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2018 (5 Dec 2019)

David Cullinane: Residual risks have been mentioned. What are the residual risks and in what areas will there be possible risk? Residual risks were talked about. Are they the areas for additional claims? Additional cost claims that can be made by the developer were mentioned. A developer may make a claim but it does not necessarily mean they will be paid so one has to go into a negotiation, there will be...

Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2018 (5 Dec 2019)

David Cullinane: That makes the guaranteed maximum price even less guaranteed.

Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2018 (5 Dec 2019)

David Cullinane: Okay. There are two distinctions.

Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2018 (5 Dec 2019)

David Cullinane: There are possible mistakes that the board may have made and I am not saying it did.

Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2018 (5 Dec 2019)

David Cullinane: There could be errors.

Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2018 (5 Dec 2019)

David Cullinane: And then there are the residual risks.

Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2018 (5 Dec 2019)

David Cullinane: I get the first part. I would like a breakdown of the possible residual risks.

Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2018 (5 Dec 2019)

David Cullinane: Design changes are one potential.

Public Accounts Committee: National Paediatric Hospital Development Board: Financial Statements 2018 (5 Dec 2019)

David Cullinane: What is the next one?

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