The developers of the National Children’s Hospital have submitted claims for additional costs worth some €12m since February.

A “process of engagement” is underway with developers BAM in relation to a vast rubble mound left sitting on a prime Cork city centre site following the demolition almost a year ago of a landmark office block, the head of Cork City Council has confirmed.

Social Democrats' co-leader Róisín Shortall says BAM's offer to pull back from its contract to build the National Children's Hospital, if asked to do so, is an opportunity for the Government to look again at their plans and costings.

The taxpayer could be forced to pay substantial penalties to the construction firm at the centre of the children’s hospital costs crisis if it is asked to leave the project.

The company contracted to build the National Children's Hospital has offered to opt out of the contract if the hospital board wishes for it to re-tender for it.

BAM Ireland, one of the country’s largest construction businesses, had a year of strong revenue growth in 2017 with a turnover of €465m (an increase of 29% on 2016) and profit before tax of €15.9m.

The developers of Cork’s stalled event centre may have to apply for new planning permission after it emerged that they need to build a bigger venue.

BAM, the developer planning to build an events centre in Cork, is poised to ask the Government for at least another €12m in State funding to deliver the 6,000-seat venue.

The Lord Mayor of Cork has withdrawn controversial comments he made about the development of Cork’s stalled event centre.

The revised planning application for a major quayside office development in Cork city has prompted a critical response from the management of the adjoining Elysian complex.

The process to select the preferred developer of Cork’s first multi-million conference centre took a step forward last night.