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Building contractors hit by Covid cancellations

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The ratings agency expects prices in this State to fall by 1.6pc this year, and by 1.1pc next year. (stock photo)

The ratings agency expects prices in this State to fall by 1.6pc this year, and by 1.1pc next year. (stock photo)

The ratings agency expects prices in this State to fall by 1.6pc this year, and by 1.1pc next year. (stock photo)

One in four building contractors have suffered cancellations or suspensions of projects due to Covid-19 restrictions, according to a new survey.

It also found that 29pc of subcontractors in the Irish and British construction sectors have cut their workforce in the past six months.


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