Oireachtas Joint and Select Committees

Thursday, 9 May 2024

Public Accounts Committee

Financial Statements 2022: University of Limerick

9:00 am

Professor Shane Kilcommins:

The significance of that is that when the contract was agreed on 4 August - the original governing authority approval - the agreement was that there was a deposit of €10. Obviously, it is specific performance and a contract is still in place. What it meant was that the university did not have to pay until the completion of the project, which occurred in October 2023. The supplemental agreement ensured that it was all paid at once. That was very significant because our ability to question the payments, particularly on planning, the issues that were arising-----