Written answers

Thursday, 23 February 2012

Department of Finance

Consultancy Contracts

5:00 pm

Photo of Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein)
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Question 79: To ask the Minister for Finance if he is satisfied that the normal Government procurement rules have been followed by the National Assets Management Agency in its procurement of professional services and advice. [10501/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am informed that NAMA, as a contracting authority, is subject to EU Directive 2004/18/EC as implemented in Ireland by the European Communities (Award of Public Authorities' Contracts) Regulations 2006 (the "Regulations"), in respect of the procurement of goods, works and services above certain values (the "EU Thresholds"). The principles underpinning the Regulations are equal treatment, non-discrimination, mutual recognition, proportionality and transparency. The results of NAMA's tenders are detailed on its website, www.nama.ie. Where the Regulations do not apply – either because the value of the procurement is below the EU Thresholds or falls outside of the Regulations – NAMA adopts a competitive process designed to obtain the best value for money that can be achieved in a manner that is both fair and transparent.

In light of this advice, therefore, I am satisfied that the Agency complies fully with normal Government procurement rules in its procurement of goods and services.

Photo of Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein)
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Question 80: To ask the Minister for Finance if his attention has been drawn to the moneys paid by the National Assets Management Agency to its professional advisers, companies and individuals; if so, if he will provide the annual moneys paid to such professional advisors in tabular form, data to be provided from the date NAMA was set up to the current date and the total annual amount paid to each professional advisor year on year. [10502/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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NAMA informs me that it cannot provide all the details requested by the Deputy in the time available. NAMA has undertaken to provide me with this information within the next week and, accordingly, I will issue a reply to the Deputy at that stage.

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