All major contracts awarded by the National Asset Management Agency since its inception, including those for accountancy services, have been fully compliant with standard public procurement procedures and have been awarded through www.etenders.gov.ie, the website for Irish public tenders. These procedures require that the most economically advantageous bid be accepted. The names of the successful service providers are published on the NAMA website at www.nama.ie.
The contractual details of all contracts between NAMA and individual service providers are negotiated on a case by case basis, are commercially sensitive and are confidential. I am advised by NAMA that while NAMA is building up its operational resources, and pending recruitment of the necessary skilled staff by the NTMA, arrangements have also been made to second staff, on a short-term basis, from a number of firms.