Tuesday, 1 October 2019

Ceisteanna (151)

Michael McGrath

Ceist:

151. Deputy Michael McGrath asked the Minister for Finance the final agreed tender price, the date of the tender for the contract and the final overall amount paid and the date of the final payment in respect of each capital expenditure project completed since 1 January 2014 by his Department or an agency under the remit of his Department and which ended up costing €10 million or more in tabular form; the reason the final amount paid exceeded the final tender price; the details available in respect of projects in which construction is not complete to date or in which the final settlement account has not been agreed to date; and if he will make a statement on the matter. [39924/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

I can confirm that my Department has had no contracts with a value in excess of €10 million or more since 1 January 2014 up to and including today's date. 

There are 17 bodies under the aegis of my Department, 15 of which had no capital expenditure project completed since 1 January 2014 and which ended up costing €10 million or more. These are the Office of the Comptroller and Audit General, Credit Review Office, Credit Union Advisory Committee, Credit Union Restructuring Board, Disabled Drivers Medical Board of Appeal, Financial Services and Pensions Ombudsman, Irish Financial Services Appeals Tribunal, Home Building Finance Ireland, Investor Compensation Company DAC, Irish Bank Resolution Corporation, Irish Fiscal Advisory Council, the National Asset Management Agency, Office of the Revenue Commissioners, Strategic Banking Corporation of Ireland and the Tax Appeals Commission.

The National Treasury Management Agency (NTMA) has provided the following information in respect of a contract awarded in 2018:

Body Name  

Project Name

The final   agreed tender price and the date of the tender for the contract

The final overall amount actually paid and the date of the final payment

The reason the final amount paid exceeded the final tender price

NTMA

Treasury Dock

€24.745m (ex. VAT); contract awarded in April 2018. Closing date for receipt of tenders was in February 2018.

Amount paid to date: €24.554m (ex. VAT).

 

Final payment amount expected to be paid (ex. VAT): €0.85m

€0.659m above the original contract price relates to variations ordered in accordance with the agreed contract variation mechanism.

The agreed contract price for the fit-out contract of NTMA’s premises at Treasury Dock was €24.745m excluding VAT. The contract amount paid to date is €24.554m. Total final contract payments are expected to be €25.404m excluding VAT. The €0.659m additional expenditure relates to variations ordered in accordance with the agreed contract variation mechanism.

It was not possible for 1 body, the Central Bank, to respond to this information request in the time available and therefore I will make arrangements to provide a response in line with Standing Orders.

Question No. 152 answered with Question No. 129.