Dáil Éireann Debate, Thursday - 22 January 2015
64. Deputy Michael McGrath asked the Minister for Finance further to Parliamentary Question No. 98 of 18 December 2014, his views that greater value will be achieved by the National Asset Management Agency for the State by negotiating reductions in the fees paid to rent receivers; and if he will make a statement on the matter. [3192/15]
View answerI am advised that NAMA is extremely proactive in ensuring value for money in the way in which it procures and manages receivership appointments. Receivers have been appointed to NAMA's insolvency service provider panel following a competitive, fixed-fee public procurement process through which extremely competitive fee rates have been achieved relative to market norms. All appointments from this panel are subject to on-going monitoring and evaluation as part of which further fee reductions are negotiated to ensure that fees are appropriate for the amount of work remaining on any given appointment.
