Business

Saturday 15 December 2018

Gordon MRM wins Nama contract

The National Asset Management Agency Treasury building in Dublin
The National Asset Management Agency Treasury building in Dublin

Gordon Deegan

Dublin PR firm Gordon MRM has beaten off competition from two other firms to retain its lucrative public relations contract with the National Asset Management Agency.

The company also holds the PR contract with the National Treasury Management Agency (NTMA), the parent entity of the National Asset Management Agency (Nama). 

The new contract is for two years, with an option by Nama to extend for a further two years.

The lowest offer for the Nama work was €382,512 for the four years - which works out at €85,628 a year - while the highest offer was €600,000.

Gordon MRM continues to operate the NTMA PR contract.

The most recent figures show that the firm received fees totalling just under €3,000 a week for its work for the NTMA and Nama in 2016.

In 2016, NTMA/Nama paid the company €151,992 (ex Vat) and this represented a decline on the €177,959 paid out in 2015.

The 2016 amount also represented a decline on the €165,059 paid out to the firm in 2014.

The work Gordon MRM carried out on behalf of Nama accounted for €79,995 of the NTMA fees in 2016.

The payments to Gordon MRM by the NTMA in 2016 were significantly down on the €223,973 paid to the firm in 2012.

Gordon MRM was established in early 2009 by Ray Gordon and a number of colleagues.

The firm's growing client list include the Irish Stock Exchange, Permanent TSB, the Irish Medical Organisation and Jazz Pharmaceuticals. Both Nama and Gordon MRM declined to comment yesterday.

Irish Independent

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