I propose to take Questions Nos. 9, 22 and 27 together.
HomeBond is one of the construction stakeholders which has agreed to set up a not-for-profit entity to implement a programme of remediation in accordance with the pyrite remediation scheme drawn up and published by the Pyrite Remediation Board, PRB, on its recently launched website. Work is progressing on the establishment of the entity and it is intended that this will be completed shortly. The stakeholders are finalising nominations for the board of directors and are agreeing the appropriate legal format for the entity, including the articles and memorandum of association. HomeBond will nominate two of the six directors proposed.
The PRB is in discussions with representatives of the stakeholders with a view to finalising its contribution to the pyrite remediation process. HomeBond’s contribution will take the form of providing management, administration and technical services towards the implementation of a remediation programme and will also contribute towards the cost of establishing laboratory facilities for testing for pyrite.
Detailed modalities that will provide for open and transparent processes, including the procurement of building services, are being discussed between the PRB and the representatives of the construction stakeholders but are not yet finalised. The remediation programme for home owners who have no other viable option to have remediation works undertaken will be carried out under the direction and supervision of the PRB.
I am confident that the PRB will ensure that the procedures put in place will adhere to best practice in terms of fair competition and will require compliance with standard procurement procedures. The PRB will have oversight of the various stages of the remediation process and will ensure that all works will be carried out in accordance with Irish standard 398-2:2013 - reactive pyrite in sub-floor hardcore material - methodology for remediation works.