Written answers
Tuesday, 1 December 2020
Department of Finance
Departmental Contracts
Catherine Murphy (Kildare North, Social Democrats)
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230. To ask the Minister for Finance if he will provide a schedule of all consultancy firms, accountancy firms, legal firms, project management firms and IT firms his Department has engaged to carry out work on its behalf in 2018, 2019 and to date in 2020; if he will summarise the work they were engaged to do and the full costs of the engagements; if disputes over costs ensued; if they were resolved with or without sanctions and-or financial penalties and-or withholding of funds; and if contracts are subject to legal challenge or mediation. [40210/20]
Paschal Donohoe (Dublin Central, Fine Gael)
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My Department has included a table providing a schedule of all consultancy firms, accountancy firms, legal firms, project management firms and IT firms engaged to carry out work on its behalf in 2018, 2019 and to date in 2020 including a summary of the work they were engaged to do and the full costs of the engagements; if disputes over costs ensued; if they were resolved with or without sanctions and or financial penalties and or withholding of funds; and if contracts are subject to legal challenge or mediation:
| Year | Company Name | Details(Include summary of work the company were engaged to do) | Total payments made per year | Any disputes with the company over costs Y/N |
|---|---|---|---|---|
| 2018 | Bloomberg L.P. | Access to financial market data | € 27,040.53 | N |
| 2018 | William Fry | Legal Advice | € 123,599.38 | N |
| 2018 | Arthur Cox | Legal Advice | € 428,718.24 | N |
| 2018 | KPMG | Professional Services | € 119,137.80 | N |
| 2018 | PAS | Board Recruitment | € 84,731.70 | N |
| 2018 | A & L Goodbody | Legal Advice | € 44,034.00 | N |
| 2018 | Reveal Data Corporation | Legal: eDiscovery | € 1,614.38 | N |
| 2018 | Central Bank of Ireland | Fee in respect of services provided by the Risk and Resilience team (CBI) to the Financial Stability Group (FSG) agencies for the design and delivery of the FSG Crisis Simulation Exercise in 2017. [FSG Agencies include D/Finance, Central Bank and the NTMA] | € 17,074.00 | N |
| 2018 | Gwen Malone Stenography | Stenography services. | € 2451.87 | N |
| 2018 | Gwen Malone Stenography | Stenography services. | € 2451.87 | N |
| 2018 | Fitzpatrick Associates | Credit Demand Survey (Wave 1)* | € 73,738.50 | N |
| 2018 | Fitzpatrick Associates | Credit Demand Survey (Wave 2)* | € 73,738.50 | N |
| 2018 | Language Communications | Switch your Bank Phase II: Creative, Web Development, Project Management, Management and Media Fees** | € 405,900 | N |
| 2018 | PwC Executive Search | This payment relates to consultancy to recruit members of the Central Bank Commission. | € 30,750.00 | N |
| 2018 | Michael G. Tutty | Payment for a report on the Regulation of Personal Contract Plans (PCPs). | € 3770.00 | N |
| 2018 | Indecon International Economic Consultants | This payment is for an independent report conducted by Indecon entitled the Benchmarking of Ireland’s Payments Industry. | € 96,890.79 | N |
| 2018 | Matheson | Payment in respect of the consolidation of the Central Bank Acts. | € 123,034.87 | N |
| 2018 | TMF Corporate Secretarial Services Limited | Fee for the appointment of a Process Agent as per the Guarantee and Indemnity deed for a loan from the European Investment Bank and the Housing Finance Agency. This deed was countersigned by the European Investment Bank and the Minister for Finance in May 2017 and is expected to be in force for approximately 25 years (the loan duration). The appointment of a Process Agent is one of the condition precedents of the deed. | € 816.48 | N |
| 2018 | William Fry | Fees paid by the Department in respect of legal costs relating to State Aid | € 347,575.85 | N |
| 2018 | Indecon Economic Consultants | Help to Buy Cost Benefit Analysis | € 93,353.00 | N |
| 2018 | Indecon Economic Consultants | Review of Employment and Investment Incentive | € 93,517.00 | N |
| 2018 | Indecon Economic Consultants | Report on the Taxation of Vacant Residential Property | € 154,493.00 | N |
| 2018 | Law Library and Four Courts | Discovery and Documentary Review Services | € 4,879.45 | N |
| 2018 | Jim Power Economics Limited | Evaluation of the Department's Macroeconomic and Fiscal Forecasts | € 17,220.00 | N |
| 2018 | Macrobond Financial AB Consultancy | Software/stats updates provided by Macrobond to facilitate the analysis done in Economics Division | € 25,437.50 | N |
| 2018 | Economic and Social Research Institute | Joint Research Programme with the Department of Finance | € 230,241.50 | N |
| 2019 | Bloomberg L.P. | Access to financial market data | € 27,378.46 | N |
| 2019 | Arcline | Review of draft updated records management policy | € 307.50 | N |
| 2019 | Grant Thornton | A review of the business model of the Department’s in-house Print Room service, with recommendations for a future model of service delivery and opportunities for improvement. | € 23,985.00 | N |
| 2019 | William Fry | Legal Advice | € 276,426.67 | N |
| 2019 | PAS | Board Recruitment | € 46,022.50 | N |
| 2019 | Arthur Cox | Legal Advice | € 38,507.63 | N |
| 2019 | Europus | Translation | € 334.31 | N |
| 2019 | Lilley Ventures (previously Reveal Data Corp) | Legal: eDiscovery | € 8,746.03 | N |
| 2019 | Language Communications | This payment is for hosting the www.switchyourbank.ie website for 2019** | € 2066.40 | N |
| 2019 | Social Finance Foundation | The Social Finance Foundation commissioned research into Unlicensed Moneylenders and the Department through its membership of the Personal Micro Credit Task Force contributed to a portion of the funding required for this research. | € 5000.00 | N |
| 2019 | William Fry | €24,600 was paid in March to William Fry for legal advice on Accelerated Extrajudicial Collateral Enforcement (AECE) Directive. | € 24,600.00 | N |
| 2019 | Merc Partners | This payment relates to consultancy to recruit the new Central Bank Governor. | € 69,966.26 | N |
| 2019 | Central Bank of Ireland | Fee in respect of services provided by the Risk and Resilience team (CBI) to the Financial Stability Group (FSG) agencies for the design and delivery of the FSG Crisis Simulation Exercise in 2018. [FSG Agencies include D/Finance, Central Bank and the NTMA] | € 16,810.00 | N |
| 2019 | William Fry | Fees paid by the Department in respect of legal costs relating to State Aid | € 88,749.25 | N |
| 2019 | Indecon Economic Consultants | Economic consultancy provided by Indecon in respect of the Air Travel Tax litigation. | € 319,075.53 | N |
| 2019 | Indecon Economic Consultants | Review of Special Assignee Relief Programme | € 107,010 | N |
| 2019 | Indecon Economic Consultants | Review of CGT Entrepreneurial Relief | € 104,119.50 | N |
| 2019 | Daniel J. Edelman Ireland Limited | Provision of specialist advice on using social media in overseas markets to promote Ireland for Finance | € 24,395.00 | N/A |
| 2019 | William Fry | Legal Research | € 54,400.00 | N/A |
| 2019 | Freshfields Bruckhaus Deringer LLP | Legal Research | € 20,000.00 | (€4,000.00 - Withholding tax) |
| 2019 | Softworks | Upgrade Time and Attendance system to current version | € 6,608.79 | N |
| 2019 | Economic and Social Research Institute | Joint Research Programme on the Macro-economy and Taxation | € 97,822.00 | N |
| 2019 | Economic and Social Research Institute | Joint Research Programme on the Macro-economy and Taxation | € 137,322.00 | N |
| 2019 | Macrobond Financial AB Consultancy | Software/stats updates provided by Macrobond to facilitate the analysis done in Economics Division | € 12,937.50 | N |
| 2020 | Bloomberg L.P. | Access to financial market data | € 21,119.07 | N |
| 2020 | William Fry | Legal Advice | € 125,975.99 | N |
| 2020 | A&L Goodbody | Legal Advice | € 15,990.00 | N |
| 2020 | Arthur Cox | Legal Advice | € 28,615.16 | N |
| 2020 | RSM | Professional Services | € 30,442.50 | N |
| 2020 | KPMG | Professional Services | € 24,600.00 | N |
| 2020 | PAS | Board Recruitment | € 9,175.00 | N |
| 2020 | Lilley Ventures | Legal: eDiscovery | € 17,928.88 | N |
| 2020 | Fitzpatrick Associates | Credit Demand Survey (Wave 3)* | € 73,738.50 | N |
| 2020 | Fitzpatrick Associates | Credit Demand Survey (Wave 4)* | € 73,738.50 | N |
| 2020 | Language Communications | This payment is for hosting the www.switchyourbank.ie website for 2020 ** | € 2066.40 | N |
| 2020 | Indecon International Economic Consultants | This payment is for an independent report conducted by Indecon entitled the Evaluation of Concept of Community Banking in Ireland. | € 133,393.50 | N |
| 2020 | Fitzpatrick Associates | Credit Demand Survey (Wave 5)* | € 73,738.50 | N |
| 2020 | Fitzpatrick Associates | Credit Demand Survey (Wave 6)* | € 73,738.50 | N |
| 2020 | William Fry | Fees paid by the Department in respect of legal costs relating to State Aid | € 95,416.02 | N |
| 2020 | Daniel J. Edelman Ireland Limited | Provision of specialist advice on using social media in overseas markets to promote Ireland for Finance | € 4,879.00 | N/A |
| 2020 | McCann Fitzgerald | Advice re: AMLD 5 | € 22,564.90 | N/A |
| 2020 | Economic and Social Research Institute | Joint Research Programme on the Macro-economy and Taxation | € 147,974.00*** | N |
| 2020 | Macrobond Financial AB Consultancy | Software/stats updates provided by Macrobond to facilitate the analysis done in Economics Division | € 34,400.00*** | N |
| 2020 | Capital Economics | Subscription to regular economic data and analysis updates | € 15,000.00*** | N |
Note:
*The bi-annual Credit Demand Survey is an independent and statistically significant report into the Irish SME landscape and the availability of, and demand for, credit. The full cost of the survey is recouped from participating banks.
**The Switch your Bank campaign is a public awareness campaign to raise awareness and promote customer switching of financial products and is facilitated by the Department of Finance as part of its remit to ensure that consumers are protected within the financial sector in Ireland. The cost of the Switch your Bank campaign is fully recoupable by AIB and Permanent TSB in the context of their restructuring plans.
*** Figures ex VAT (not applicable)
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