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.

Tender prices are still increasing in 2018, with construction inflation levels running well ahead of general inflation. This is fuelled by increasing demand, skills shortages, pressure on wage rates, increases in material prices and regulatory changes.

Linesight’s research shows that, on average, tender prices rose by approximately 7.5% during 2017 while construction input costs rose on average by 3%. Due to high ongoing demand this level of increase is likely to continue for the foreseeable future.

During 2018 Linesight  predicts that tender prices will increase by 7% on average.

The increase in tender prices, which we expect to continue, emphasises the importance of budgeting for future construction inflation in feasibility studies and cost plans.

 

Average Irish Construction Prices 2018

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

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Average Irish Construction Costs 2018. Source: Linesight

 

Turner & Townsend‘s annual construction cost survey also provides an overview of construction costs in Ireland.

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International building costs per m2 of internal area, in 2018. Source: Turner & Townsend

 

 

Labour rates and Construction Materials Prices

Turner & Townsend‘s annual construction cost survey provides labour costs and also the prices for some materials. Their cost escalation forecast for 2018-2019 is 7%.

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Labour and Materials Prices, 2018. Source: Turner & Townsend

 

Construction wage rates, 2018. Source: Turner & Townsend

 

 

 

The latest monthly data from CSO recorded that building and construction materials prices showed an increase of 0.7% in June 2018, compared to a decrease of 7.5% in the year to July 2018. (Price Index June 2018: 105.5; Price Index June 2017: 114.1)

The most notable yearly changes were increases in Bituminous emulsions (+10.2%), Plaster (+6.9%) and Paints, oils and varnishes (+7.5%) while there were decreases in Sand and gravel (-17.9%), ready mixed mortar and concrete (-1.9%) and Concrete blocks and bricks (-1.5%).

 

Build Cost Calculator 

Selfbuild magazine has partnered up with ProntoCalc to provide the FREE Selfbuild Build Cost Calculator. You can try it here.

Selfbuild Build Cost Calculator

 

 

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.

Architect’s fees will vary based on a number of factors ranging from size and complexity to level of the service required. These two articles provide some guidelines:

Additionally, you may also need to allow for:

  • Design Certifier Fees
  • Assigned Certifier fees

 

 

Check out our other articles in this series

 

 

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