Price of construction project tenders up by 5.5%

The price of tenders submitted for construction projects is on the increase.

According to the Chartered Surveyors of Ireland, 2015 saw a rise of 5.5% on the previous year.

The organisation said it was positive news given that many companies had been offering below-cost prices in order to attract work.

Spokesperson Micheál Mahon said the change was down to two factors - material costs and capacity constraints leading to higher prices.

"While it's an increase of 5.5%, tender prices are still down at the year 2000 levels," he said.


More in this Section

Whitbread to face questions over Costa Coffee

Number of big firms moving jobs and operations out of UK amid Brexit fears

Airbus warns it ‘could quit UK if there is a no-deal Brexit’

9.7 million cases of Irish whiskey sold last year


Today's Stories

ECB to keep rates low

Big ideas needed to freshen upour high streets

Lifestyle

New father’s life ‘changed forever’ after he was run over by surgeon

More From The Irish Examiner

gestational surrogacy uk

обращайтесь www.profvest.com

look