Dáil Éireann Debate, Tuesday - 7 March 2017
272. Deputy Joan Burton asked the Minister for Housing, Planning, Community and Local Government the level of construction inflation that has been experienced by his Department in each of the past six years and to date in 2017 in respect of construction projects and other capital projects; the way in which he monitors construction inflation and the mechanisms he employs to establish this; and if he will make a statement on the matter. [11535/17]
View answerWith the reduced level of capital funding that applied up until recently, there has been minimal tender activity up to 2016 to form a reliable data base in respect of construction projects for which my Department is the sanctioning authority. However, recently, there has been a much increased level of tender activity and my Department has a team of Quantity Surveyor advisors who monitor this activity for the reconstruction projects. This monitoring indicates that inflation in respect of such projects is in line with the Tender Price Index published by the Society of Chartered Surveyors Ireland (SCSI).
SCSI produces this independent assessment of construction tender prices biannually. The Index can be accessed at the following weblink:
https://www.scsi.ie/policy_research/indices.
