Construction tender prices down 10.5%

New figures show that the dramatic falls in construction tender prices recorded in the second half of last year have accelerated to 10.5% in the first half of this year.

The new figures, which were published by the Society of Chartered Surveyors, in its latest Tender Price Index Survey, show that prices have now decreased by 17.3% over the last 12 months.

The dramatic fall off has been caused by the decline in all sectors of the construction industry including residential, commercial, public sector and civil engineering.

The President of the Society of Chartered Surveyors, Ken Cribbin said the current low prices provided the Government with an excellent opportunity to roll out key infrastructural projects while at the same time securing jobs and retaining skills within the construction sector.

More in this Section

Covid-19's impact on agriculture sector to increaseCovid-19's impact on agriculture sector to increase

Bank of Ireland increase payment limit on contactless cards to €50Bank of Ireland increase payment limit on contactless cards to €50

EasyJet founder demands vote on sacking of director in £4.5bn plane order rowEasyJet founder demands vote on sacking of director in £4.5bn plane order row

Estate agents hold virtual property viewings during Covid-19 crisisEstate agents hold virtual property viewings during Covid-19 crisis


Lifestyle

A passion for heritage and the discovery of some nifty new software has resulted in an Irish architect putting colour on thousands of old photographs, writes Marjorie BrennanBringing the past to life

One colour, so many moods; Annmarie O'Connor prepares us to embrace pink.Trend of the Week: Prepare to embrace pink

With the constant washing, the skin on my hands has become dry and brittle.Natural Health: Constant washing is damaging my hands

Most of the Tobacco Free Ireland programme team have been redeployed to assist with the pandemic, so I’m providing cover in their absence.Working Life: Elaine Buckely, National Tobacco Cessation Coordinator

More From The Irish Examiner