The Society of Chartered Surveyors Ireland (SCSI) says building costs increased slightly in the first half of 2013, continuing a trend of moderate price increases dating from the start of 2011 when prices first began to level off. The Society of Chartered Surveyors Ireland Tender Price Index, which has been running since 1998 and is the only independent assessment of construction tender prices in Ireland, shows that construction tender prices increased by 0.9% since the end of last year and were up 2.7% for the full year from the first half of 2012. Prices are back to 1999 levels.
Paul Dunne, chair of the Quantity Surveying
Professional Group of the Society of Chartered Surveyors Ireland said, “The slow
upward movement in prices in the first half of the year is due to increases in
building materials and input costs internationally. The moderate rise also
reflects an increasing awareness of the unsustainability of below cost
tendering, which is a practice whereby contractors submit bids at unsustainable
levels to secure the work and has unfortunately resulted in the failure of so
many contractors, sub-contractors and suppliers working on public and private
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