State urged to start building before Trump tariffs raise costs

Global volatility could send costs rising again, warns Society of Chartered Surveyors Ireland president

The Macroom Bypass completed in 2023. The SCSI said moderate inlfation presents an opportunity to accelerate the much-needed investment in public infrastructure.

The Government has been urged to avail of “moderate” commercial construction costs to invest in public infrastructure, with fears that US tariffs could send future prices spiralling.

A new report by the Society of Chartered Surveyors Ireland (SCSI) shows that commercial construction costs have stabilised considerably in the past two years. Commercial cost inflation increased by1.5% in the second half of 2024.