Government plans to amend public works contracts to tackle soaring construction costs

Public Expenditure and Reform Minister Michael McGrath. Picture: Damien Storan

Michael McGrath, the public expenditure minister, is finalising significant changes to public works contracts to provide some relief from soaring construction inflation.

It is understood Mr McGrath and officials in his department are at an advanced stage of plans that could allow for the renegotiation of existing contracts awarded on a fixed-price basis.