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2017 tender and building costs are poised to grow at a faster rate than in 2016


The Society of Chartered Surveyors Ireland released their PwC Construction Survey Report 2017 this week, showing that their Tender Price Index increased 6 per cent over the course of 2016.

"If price inflation continues to grow at the current level, it is anticipated that pricing levels will return to the levels last seen in 2006 and 2007 in the next few years,” commented the authors.

The clear majority of respondents (90 per cent) expected an uptake in residential construction activity in 2017.