Seanad debates
Tuesday, 8 March 2011
Construction Contracts Bill 2010: Committee and Remaining Stages
5:00 am
Feargal Quinn (Independent)
I can understand Senator Coghlan's view. There is concern about this. It has come about in a situation whereby it is rather difficult to ensure the correct amount is always the one that should apply. Certainly, on this basis it seems to me that €200,000 is far too high a figure. One of the areas we will have a chance to examine in this case is the regulatory impact analysis, RIA, to see the effect of this. As the Minister of State, Deputy Dara Calleary, stated the RIA will have an effect. The objective of the figure of €200,000 may not stand. It may be possible to adjust it. The case made by Senator Coghlan is very worthy of consideration. This could be considered either with the RIA or in the Dáil. However, at this stage the figure of €200,000 is the one that has been agreed.
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