Tuesday, 12 February 2019
Department of Public Expenditure and Reform
Public Expenditure Data
206. To ask the Minister for Public Expenditure and Reform the number of public projects undertaken by a company (details supplied) in the past ten years that have involved overruns of the original estimated cost. [6597/19]
Capital expenditure is sanctioned through the line departments or bodies given a delegated sanctioning role by those departments. These 'sanctioning authorities' are responsible for monitoring the projects and dealing with cost overruns that arise within their capital sanctions. The Public Spending Code published by my Department sets out the principles which apply in relation to project appraisal, value for money etc., and which continue to apply throughout the implementation phase.
Once tenders are received a sanctioning authority must review the tender report and give permission for a contract to be awarded with an established construction budget. It is a matter for the contracting authority who has awarded the contract to manage its performance thereafter and report on budgetary matters to the sanctioning authority concerned.
The extent of cost increases on individual capital projects is a matter for each sanctioning authority and the details are not held centrally.