IT Tralee spends over €400,000 on consultancy fees for proposed merger with CIT

The Institute of Technology Tralee has spent over €400,000 on consultancy fees for its proposed merger with CIT.The project to merge IT Tralee and Cork Institute of Technology, which first began in 2009, is currently ongoing, with a view to enrolling the first students in September of this year.

Following a Freedom of Information Act Request, the Higher Education Authority revealed consultancy costs of the proposed merger to Radio Kerry.

IT Tralee has spent over €408,000 (€408,338) on consultants, up to August of 2018.

Accounting and legal costs from Deloitte and Arthur Cox respectively reached nearly €190,000 (€189,489), while James Matthew Fannin received €29,250 for preparing an economic impact assessment.

Joseph McGarry and Phil Hawkey, who acted as advisors on the merger, received over €11,000 and €81,000 respectively.

Conor O’Brien Consulting Ltd. received €69,075 for coaching a leadership team, and Reddy A+U got €12,300 for master planning.

This is Ethos Ltd., who provided strategy support, were paid over €5,000 by IT Tralee.

Some consultants who were paid by the Kerry college also received a payment from CIT for their services, including This is Ethos Ltd., the Communications Clinic, Deloitte, Reddy A+U and Joseph McGarry.