Road contract reform to deliver, says Cullen

FIXED-PRICE contracts for all future transport projects will deliver big savings for the taxpayer and ensure the risk of overruns falls on the contractor, Transport Minister Martin Cullen said yesterday.

Mr Cullen said the fixed contracts will stop developers putting in a low tender to secure a Government contract and subsequently adding overrun costs, which the taxpayer picks up.

"The price you see must be the price you pay fixed-price contracts can ensure this is the case," Mr Cullen said.