MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Uncategorized
  • Building costs continue to recover, insists SCSI
Uncategorized
Feb 26, 2013 - 15:01

Building costs continue to recover, insists SCSI

The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
Building costs continue to recover, insists SCSI

New figures from the Society of Chartered Surveyors Ireland (SCSI) show that building costs continued to recover slowly last year.

Advertisement
The Society of Chartered Surveyors Ireland Construction Tender Price Index, which has been running since 1998 and is the only independent assessment of construction tender prices in Ireland, shows that construction tender prices increased by 1.8% in the second half of 2012 and 2.8% for the year as a whole.
Andrew Nugent, Chair of the Quantity Surveying Professional Group of the Society of Chartered Surveyors Ireland said: “We are now seeing a slow recovery in construction tender prices, which have risen by almost 5 per cent over past two years and which is primarily due to rising input costs such as building materials and energy costs.
“The gradual increase in tender prices also reflects a growing reality in the industry that recent trends in below cost tendering are unsustainable, as witnessed by the number of company and project failure amongst contractors and sub-contractors,” he said.
Mr Nugent said that although tender prices are now slightly more realistic, particularly in the specialist building services area, there remains a severe shortage of work within both the public and private sectors and tenders are likely to remain competitive for the foreseeable future.
The SCSI also welcomed the recent Government Action Plan for Jobs initiative and highlighted the important role for the construction sector in supporting the implementation of the Action Plan.
“Historically, the focus of the construction sector has been on building houses and apartments. However, the industry focus must evolve to meet the changing needs of the Irish economy. It has a very important role to play in supporting Ireland’s Smart Economy and Foreign Direct Investment focus through the development, planning, costing and construction of new ICT facilities, data centres, suitable office space for multinationals, health infrastructure and other employment generating projects,” concluded Nugent.

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • Andrew Nugent
  • building
  • construction
  • costs
  • energy costs
  • industry
  • SCSI
  • Society of Chartered Surveyors Ireland
  • Society of Chartered Surveyors Ireland Construction Tender Price Index
  • tender prices
The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

What is a Heat Pump?
Uncategorized

What is a Heat Pump?

Feb 27, 2025
Living Cities Initiative
Uncategorized

Living Cities Initiative

Jan 14, 2025
Digital Services Act
Uncategorized

Digital Services Act

Mar 31, 2024
Avant Money and Finance Ireland announce new rates
Uncategorized

Avant Money and Finance Ireland announce new rates

Dec 09, 2021
Average deposit of first-time buyer was €52,000 in first half of the year
Uncategorized

Average deposit of first-time buyer was €52,000 in first half of the year

Dec 07, 2021
Frequent And Popular Searches
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement