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Irish Construction Costs in 2020

COVID-19 has had a significant effect on the outlook for the Irish construction industry which has been experiencing reduced productivity, increased lead times and considerable disruptions to the supply chain.

Calculating the construction costs for your project is not an easy task. Every year since 2009 we publish some guidelines and average prices to help you getting an approximate figure.

You can check our other articles in this series here.

Construction costs have continued to rise in 2020, but at a dramatically slower pace than in recent years. This is fuelled by the introduction of near zero energy buildings (NZEB) regulations, shortage of skilled trades, supply chain pressures, and additional costs associated with increased welfare/cleaning regimes on-site. 

Linesight’s reported that while COVID-19 has resulted in additional costs, it should be noted that the fall in construction output has potentially created
a more competitive tendering environment, putting downward pressure on contractor margins.

Linesight’s research indicates that the uplift in tender costs associated with COVID-19 has been more than offset by an increasingly competitive
tendering approach by contractors. This is due to concern around the impact of the current economic uncertainty on the quantum of work available for
tendering in the short to medium term, as reflected in the drop in construction output.

Linesight’s projection is that tender inflation for 2020 is likely to fall in the range of 3% to 3.5% (accounting for the impact of COVID).

The Society of Chartered Surveyors Ireland Tender Price index reveals that national construction tender prices increased by just 0.9% in the first half of 2020. The results indicate a continued slowing of Tender price growth in the construction sector.

Average Irish Construction Prices 2020

The table below shows the average construction costs as generated by Linesight’s Cost Database and sets out typical building construction costs:

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Average Irish Construction Costs 2020. Source: Linesight

Buildcost‘s construction cost guide also provides an overview of construction costs in Ireland in the second half of 2020:

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Construction cost guide 2020. Source: Buildcost

Buildcost‘s construction costs exclude FF&E, siteworks, VAT, professional fees, future inflation and other developer costs etc.

Labour Rates and Construction Materials Prices

The hourly rate pay has seen a 3% increase from last year.

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Hourly rate pay for workers in the construction sector. Source: Registered Agreement for the Construction Industry/Sectoral Employment Order 2020

 

The latest monthly data from CSO recorded that building and construction materials prices showed an increase of 0.4% in October 2020 since last year.

The most notable yearly changes were increases in cement (+5.1%), concrete products (+4.7%), Paints, oils and varnishes (+2.5%); while there were decreases in Bituminous emulsions (-10.3%), Glass (-5.2%), and Sand and gravel (-2.8%).

Guide to Rebuilding Costs in Ireland

The Society of Chartered Surveyors Ireland (SCSI) provides a House Rebuilding Cost Calculator here. This calculator can be used as a guide to give you a minimum base cost for your construction project.

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Table of Rebuilding Costs September 2019. Source: Society of Chartered Surveyors.

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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10 Interesting Facts About Our 10 Years in Business

1 – Our first client was a Priest. We must have been blessed since then.

2 – The longest project we ever had is still on site after starting 8 years ago. And we don’t regret it for one second.

3 – We tend to attract clients with a sense of spirituality. Maybe it’s because we take a holistic approach to every project. This normally leads to great projects and great relationships.

4 – We have had clients crying when we were presenting our ideas. And one that even wanted to frame our drawings to hang them on the wall.

5 – Our small (social media) logo was created during a “Start your own business” class.

6 – The two most unusual requests we had were: to integrate a collection of 10,000 music CDs in our design; and to completely sound proof a Master Bedroom. These two requests were not related!

7 – We have refused a number of requests to issue “Opinion on Compliance with Building Regulations” for jobs that we did not design or inspect on site. And we will continue to do it.

8 – We have 100% success rate in Planning Applications for New Dwelling Houses.

9 – The highest number of photos taken for one job was 2,747 (Conservation Works at Brandon House Hotel in Wexford).

10 – The most unusual thing we have done to a client was to lock him in the bathroom of our office! And this was done intentionally! There is a reason for everything, and no, it wasn’t because he didn’t want to pay us 😀 !

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Isabel Barros Architects Celebrates 10th Anniversary

This year Isabel Barros Architects celebrates a decade of presence in the Wexford landscape. We setup in the height of the recession in 2010 and 10 years later we are now faced with the Covid-19 Pandemic and the prospects of a global recession. But we have built amazing resilience skills and we feel strong enough to continue for (at least) another 10 years.

We want to thank all our clients, consultants, contractors and suppliers for trusting us and helping us to create positive contributions while building great relationships.

The privilege of working with clients that trust us, respect our ideas, and let us push the limits when needed is immense and we are eternally grateful for this.

We are committed to the highest level of quality in all things and we will continue raising the bar every day.

Isabel’s 25 years of experience will continue to be an invaluable resource to deliver solid results.

During these last 10 years we have built the foundations for our future. As we enter our next decade, we will remain focused on the long term. That means removing the ineffective parts of our work, and aiming on what matters most so that we can do the work we love doing to the highest standard. We also plan to extend to different sectors but only if our core values can be pursued and respected.

We hope you enjoy the journey and that you’ll keep in touch along the way.

Feel free to contact us regarding any enquiry you may have:

office@isabelbarrosarchitects.ie

Tel. +353 (0) 53 91 689 42

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