The CEO of Dungarvan and West Waterford Chamber of Commerce says she’s not surprised that the cost of redeveloping Grattan Square far exceeded expectations.
It was revealed in the local government audit report which was presented to Waterford Council last week that the works, which were originally tendered for 1.2 million euro, ran to 3.3 million by the time the project was completed.
Chamber CEO Jenny Beresford says there were a number of obstacles which delayed the work.
She said they knew at the time that the tender had come in quite low and there was an expectation that there would be additional costs.
She says that many businesses are embracing the shared space of Grattan Square.
Waterford Council Chief Executive Michael Walsh told the auditor the additional costs were due to unforeseen obstacles and delays encountered during construction, and an underestimation of the work by the contractor.