Construction Costs

Dáil Éireann Debate, Monday - 11 September 2017

Monday, 11 September 2017

Questions (278)

Joan Burton

Question:

278. Deputy Joan Burton asked the Minister for Public Expenditure and Reform 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 same; and if he will make a statement on the matter. [38029/17]

Written answers

Minister of State at the Department of Public Expenditure and Reform (Deputy Kevin Boxer Moran)

Assuming that the question relates to construction Price inflation, the tenders received by OPW reflect the trends as indicated in the Society of Chartered Surveyors Tender Price Index. This is “an independent assessment of construction tender prices in Ireland based on actual tender returns for non-residential projects". The Index is a measure of average price increases across differing project types and locations.

Increases over the past 18 months are:

Year % Increase in Price

2016

5.92%

The increase for the first half of 2017 is 3%. This is the latest figure available.