Also, the semi-state has tendered for three management companies to oversee the installation of the water meters.
Last week, the Department of the Environment put up an e-tender to invite applications for subcontractors throughout the country to install the water meters.
The three management companies appointed by Bord Gáis will be responsible for the subcontractors.
The value of the contract for one million water meters is said by industry sources to be worth between €40m-€50m.
“Bord Gáis Éireann wishes to appoint at least three economic operators to provide domestic water metering services and works across eight geographical regions within Ireland.
A contract with a number of economic operators whose responsibilities will include the provision of all required works and services associated with the following; Provision from established frameworks of all boundary boxes, fittings and water meters with radio units and/or integrated meters (either meter option may include meter reading technology).”
The new Irish Water Company, which is currently in the process of being set up, will be a subsidiary of Bord Gáis.
The Government plans to start charging for water services in 2014.
Recruitment is under way for a management team to run the new water company.
Bord Gáis chief executive John Mullins is due to step down this month as his contract comes to an end.
It is believed that the company’s chief financial officer, Michael G O’Sullivan, will take over from Mr Mullins.