Written answers

Tuesday, 26 January 2016

Department of Finance

Public Relations Contracts Data

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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136. To ask the Minister for Finance the amount paid by the National Treasury Management Agency and the National Asset Management Agency for public relations in 2015; the amount paid to each firm; the rates that apply; when the main public relations contracts for the two agencies are up for renewal; if the contract provides value for money for the two agencies; and if he will make a statement on the matter. [2825/16]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The National Treasury Management Agency (NTMA) have advised me that the overall amount paid for PR services by the NTMA and all of its associated business areas in 2015 (ex VAT) was €177,959 (of which €79,750 was charged to NAMA).

The NTMA's communications team is supported by an external service provider, Gordon MRM, (appointed following a public procurement process). This service, which includes out-of-hours contacts for the media, provides support across all of the NTMA's business areas: Funding and Debt Management, Ireland Strategic Investment Fund, National Development Finance Agency, State Claims Agency and NewERA. It also provides support to the National Asset Management Agency (NAMA).

In September 2012 the NTMA tendered for the provision of these services. Following the tender evaluation process the NTMA awarded a contract to Gordon MRM.

The current contract, which commenced in January 2013, is based on a fixed fee (rates do not apply). The contract was for a three year period with the option to extend by two years. The contract is up for renewal in January 2018.

NAMA draws on the NTMA's shared services in a number of areas including its outsourced press function. NAMA reimburses the NTMA in respect of the costs of these services attributable to NAMA.

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