Construction tender values fall

CONSTRUCTION tender prices are continuing to fall, according to Ireland’s largest construction and property industry body, the Society of Chartered Surveyors (SCS).

The new research is published in its latest Tender Price Index.

On average, there was a 3.1% decrease for the first 6 months of this year. The latest SCS index also shows that tender prices have fallen an average of 7.4% in the past 12 months.

“This latest research on tender prices confirms all reports in the industry“, said Sean McCormack of DTZ Sherry FitzGerald, president of the Society of Chartered Surveyors.