Pearse Doherty (Donegal South West, Sinn Fein)
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246. To ask the Minister for Finance the total number of firms who tendered to the Special Liquidator for the mandate to value the Irish Bank Resolution Corporation loan book; if PWC offered the lowest fees for the job or if there were other criteria which led it to win the valuation mandate; if he will detail any such criteria; and if he will make a statement on the matter. [34645/13]

Michael Noonan (Limerick City, Fine Gael)
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The Special Liquidators invited a number of firms (5) for the tender on tranche 1 and for tranche 2 (14). The Special Liquidators have confirmed that PWC were not the lowest on fees. The criteria used were as follows, for which each respondent was graded:

- Process/ Execution methodology and ability

- Knowledge of the portfolio and recent relevant credentials

- Delivery team experience

- Fees

The Special Liquidators have appointed UBS and PWC to value different segments of the IBRC loan portfolio.