Dáil Éireann Debate, Monday - 11 September 2017
2014. Deputy Joan Burton asked the Minister for Housing, Planning and Local Government the level of construction inflation that has been experienced by his Department in the 18 months to September 2017 in respect of construction projects; the way in which he monitors construction inflation and the mechanisms his Department employs to establish this; and if he will make a statement on the matter. [38027/17]
View answerMy Department has a team of Technical Advisers who monitor, on an ongoing basis, construction projects for which we are the sanctioning authority. The last 18 months has seen much increased activity in this area with many project tender returns assisting towards the development of a reliable database in respect of housing construction projects in which my Department is involved. The technical team's role in monitoring of these construction projects includes consideration of tender inflation. Our recent tender activity indicates that inflation is broadly in line with the Tender Price Index published by the Society of Chartered Surveyors Ireland; which is in the region of 8-10% over the timeframe to which the query relates.
