Business Irish

Saturday 20 September 2014

Builders charging up to 10pc more for work than four years ago

Construction tender prices increase steadily

Sarah Stack

Published 02/09/2014 | 06:00

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Warning on lack of trusted builders...Embargoed to 0001 Monday May 12
File photo dated 06/10/11 of person laying bricks as British homeowners are not doing maintenance and repair work because they cannot find builders and other tradesmen they can trust, according to a survey. PRESS ASSOCIATION Photo. Issue date: Monday May 12, 2014. Finding trusted tradesmen has become such a problem that housing stock could be in a state of disrepair across regions of the UK, the Homeowner Survey from the HomeOwners Alliance and TrustMark found. More than half of homeowners (58%) said they had difficulty finding a trusted builder to help with repairs or improvements, with 12% of these people not doing the work and 26% delaying the project. Some 40% carried out the repairs or DIY themselves, 27% did only the essential work and 28% used tradesmen they were uncertain about. See PA story CONSUMER Trades. Photo credit should read: Ian Nicholson/PA Wire...A
Construction tender prices on the rise

Builders are charging up to 10pc more for work than four years ago.

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The latest construction tender price index by the Society of Chartered Surveyors Ireland (SCSI) showed tenders have risen by 2pc in the first six months of the year, and 4.4pc since last summer.

Micheal Mahon, vice chairman, said construction tender prices have continued to increase steadily and are now 10pc higher since they bottomed out in 2010. 

“This trend is likely to continue, and indeed it is accelerating slowly, as more confidence comes back into the market, bringing with it a modest increase in construction activity, particularly in the Greater Dublin area,” he said.

Mr Mahon said with several large projects such as Intel and the Corrib gas pipeline nearing completion large numbers of workers have come back into the market, particularly in the specialist mechanical and electrical trades.

“It is worth noting that despite these recent modest increases building prices remain very competitive and, at 26pc below their peak in 2007, they are still well below prices back in 2000,” he added.

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