Building Costs in Ireland 2014

Every year we share useful information to guide you on the costs for your construction project in Ireland. This will help you to estimate an approximate figure for your building costs.

You can check our other articles in this series here.

The Irish construction industry is slowly recovering. Predictions mention an 8% increase in value of output during 2014.

The Society of Chartered Surveyors Ireland  reported that Tender Prices have bottomed out and have begun to increase due to a rise in input costs and commodity prices (oil etc). SCSI also reported that Construction tender prices grew by 2.2% in the second half of 2013, up from 0.9% in the first half of the year. The annual increase for 2013 was 3.1% and there is an increasing awareness amongst contractors and sub-contractors of the true cost of carrying out work and a reluctance to price below this, which ensures that projects are priced at viable levels.

Average Irish Construction Prices 2014

The average construction costs table is generated using Bruce Shaw’s Cost Database and sets out typical building construction costs.

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The building costs of 2013 are still a good starting point for your project.

Turner & Townsend‘s annual construction cost survey provides a comprehensive and detailed overview of construction costs in Ireland, in 2013.

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Labour rates and Construction Materials Prices

Turner & Townsend‘s annual construction cost survey provides labour costs and also the prices for some materials. Note the cost escalation forecast of 2%.

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In June 2014 CSO recorded that all building and construction materials prices increased by 1.3% in the year since June 2013.

The most notable yearly changes were increases in Sand and gravel (+33.6%), Hardwood (+14.5%) and Stone (+5.7%), while there were decreases in Fabricated metal (-3.4%), Other Structural steel (-1.8%) and Reinforcing metal (-1.5%).

Guide to Rebuilding Costs in Ireland

The Society of Chartered Surveyors publishes every year a guide to rebuilding costs in Ireland. This guide is intended to assist in insuring a house and the costs included are based on building rates as of March 2014.

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SCSI also provides a House Rebuilding Cost Calculator here, and a Home Renovation Incentive Scheme Calculator here. You can read more about this Incentive Scheme here.

Other Resources

Paul McNally Ecological Architecture in Cork has developed a very detailed and user friendly cost estimator for new build houses. Grab all the information you can and get your estimate here.

Typical Exclusions

There are a number of other expenses that you should also consider when estimating your project. See some of the exclusions that may apply to your project here.

Additionally, with the newly amended Building Control Regulations, you are also likely to need to allow for:

• Assigned Certifier fees

Check out our other articles in this series

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