Tender prices set to rise 6% in 2016

This year is expected to see significant further recovery in the value of construction output and another rise in tender prices.

The latest annual review from leading industry consultancy body, AECOM shows that the recovery in the Irish construction sector picked up considerable pace last year — albeit on a skewed level — and shows no sign of slowing down.

“We saw the construction industry gradually return to growth in 2014 after the dramatic drop between 2007 and 2011 and this growth pattern continued in 2015,” according to John O’Regan, AECOM’s head of programme, cost and consultancy.