Oireachtas Joint and Select Committees
Thursday, 30 May 2024
Public Accounts Committee
Financial Statements 2022: National Paediatric Hospital Development Board
9:30 am
Mr. David Gunning:
Having the liquidated damages at an appropriate level and making sure it is enforceable. Liquidated damages need to be calculated and are only enforceable if they are a genuine pre-estimate of the loss. It is about thinking through these matters from a legal point of view and making sure they are fully covered in the contract.