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:
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Body Name
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Project Name
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The final agreed tender price and the date of the tender for the contract
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The final overall amount actually paid and the date of the final payment
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The reason the final amount paid exceeded the final tender price
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NTMA
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Treasury Dock
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€24.745m (ex. VAT); contract awarded in April 2018. Closing date for receipt of tenders was in February 2018.
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Amount paid to date: €24.554m (ex. VAT).
Final payment amount expected to be paid (ex. VAT): €0.85m
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€0.659m above the original contract price relates to variations ordered in accordance with the agreed contract variation mechanism.
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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.
