Written answers
Thursday, 22 September 2011
Department of Finance
Consultancy Contracts
4:00 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Question 72: To ask the Minister for Finance if he will provide details, including the value and the name of the beneficiary, of any contract awarded by him or any public body directly under his control for public relations, communications and consultancy services from 9 March 2011 to date in 2011. [25501/11]
Michael Noonan (Limerick City, Fine Gael)
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I take it that the Deputy is referring solely to public relations costs and not to advertising costs that would be incurred by my Department in the normal course of business, such as entries into telephone directories, the placing of advertisements in national newspapers, recruitment advertising, advertising associated with the national development plans, e-tenders etc. In the period in question my Department, the Appeals Commissioners and Revenue have awarded no contracts in relation to public relations, communications or consultancy services. The table below details the spend for public relations, communications and consultancy services from 9 March 2011 to date, for the agencies under my aegis:- Comptroller & Auditor General
| Date of Award | Name of Company | Value of Contract | Brief Description of Contract |
| 11 March 2011 | David Rainey | €31,601 | Property Valuation Consultancy in respect of NAMA |
| 20 April 2011 | Mr Tom Walsh, Broadband Consultant | €15,125 | Technical advice in the context of the examination on the National Broadband Scheme |
| 20 May 2011 | Productive Personnel Ltd | €4,500 | Technical advice in relation to an examination of the performance management and development system |
| 24 March 2011 | Philip Lee Solicitors | €48,599 | Review of NAMA due diligence |
National Treasury Management Agency
| Date of Award | Name of Company | Value of Contract | Brief Description of Contract |
| 24 March 2011 | Philip Lee Solicitors | €48,599 | Review of NAMA due diligence |
| 9 March 2011 | Arthur Cox | Both awards were for a period of three (3) years and services are drawn down as and when required. Arthur Cox have received payments of approximately €1.36 million in respect of the period 9 March to date under these arrangements. A&L Goodbody and Matheson Ormsby Prentice have not received any payments to date under these arrangements. | Following a competitive tender process, NTMA awarded a contract to a single legal consultant (Arthur Cox), to provide general legal services on an ad hoc basis to the National Treasury Management Agency (NTMA) Banking Unit1. This contract was awarded on the basis of discounted hourly rates. |
| 9 March 2011 | Legal Panel (A&L Goodbody, Arthur Cox and Matheson Ormsby Prentice). | As above | Following a competitive tender process, the NTMA appointed a panel of legal consultants (A&L Goodbody, Arthur Cox and Matheson Ormsby Prentice) under a framework agreement to provide specific legal services to the NTMA Banking Unit*. This appointment of the panel was on the basis of discounted hourly rates and/or fixed fees where appropriate. |
| 6 April 2011 | Davy Corporate Finance | €42,500 | Valuation of the holdings of the National Pensions Reserve Fund (NPRF) in unlisted preference shares of the Governor and Company of the Bank of Ireland plc and Allied Irish Banks plc |
| 15 April 2011 | Goldman Sachs | Fees up to €7.8 million may be payable depending on completion of transactions and performance. | Financial advisor to the NTMA Banking Unit* for liability management exercises and capital raising transactions in respect of BOI, AIB, ILP, EBS, INBS and Anglo. |
| 15 April | KPMG | Overall contract amount dependent on amount of services provided based on hourly rate. | Provision of tax consultancy services for National Asset Management Agency (NAMA). |
| 29 April 2011 | PWC | €35,000 | Accounting advice to NTMA Banking Unit* in relation to issue of contingent capital instruments by AIB, EBS, BOI, ILP. |
| 16 May 2011 | McKinsey | €2.55 million | Advisor to NTMA Banking Unit* on matters relating to Anglo/INBS (including the merger of Anglo and INBS and the disposal of the US loan book). |
| 24 May 2011 | Tibus | €40,500 | Design and implementation of updated websites for NTMA, NAMA, State Claims Agency, National Development Finance Agency and NPRF. |
| 26 May 2011 | PWC | €25,000 | Advices to Clinical Indemnity Scheme for State Claims Agency. |
| 17 June 2011 | Colin Maltby | €38,000 plus €3,000 expenses incurred up to end September 2011. | Advisor in respect of the sale of part of the NPRF's global private equity portfolio. |
| 30 June 2011 | DKM Economic Consultants | €42,000 | To undertake an economic study for NAMA of the potential impact of the proposed Deferred Consideration Mortgage Initiative. |
| 11 July 2011 | Amárach Research | €15,800 | To carry out market research for NAMA on theDeferred Consideration Mortgage Initiative. |
| 12 July 2011 | System Dynamics | €12,375. (Note: this contract was terminated after 3.5 days of consultancy drawdown. Consequently a total of €1,732.50 was spent on this contract.) | A 25 day contract to provide Microsoft Sharepoint Development Services for the integration of the NAMA Portfolio Management System and the NAMA Document Management System (DMS). |
| 10 August 2011 | Towers Watson | Overall contract amount dependent on amount of services provided. | Two year contract in place for provision of HR services. |
| 1 September 2011 | Version1 | €78,000 | A six month contract to provide Technical Project Management Services (Test Management) for the NAMA Portfolio Management System. |
| 21 September 2011 | DNM | €14,000 | A 20 day contract to provide Microsoft SharePoint and .NET Development Services for the integration of the NAMA Portfolio Management System and the NAMA Document Management System (DMS). |
*The Deputy should note that certain advisory expenses incurred in relation to the capital raising measures (including the liability management exercises) will be recovered from the covered institutions in due course. Also from 5 August 2011, the banking responsibilities of the NTMA have transferred to my Department.
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