Tag Archive for construction

Building Costs in Ireland 2018

 

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.

(Click image to enlarge)

Average Irish Construction Costs 2018. Source: Linesight

 

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

(Click image to enlarge)

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%.

(Click image to enlarge)

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

 

 

Irish Construction Costs 2017

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 economy will continue to recover and the upturn in the construction industry is well visible.

A shortage of skilled labour has lead to an upward trend in tender levels.

Linesight’s research shows that, on average, tender prices rose by approximately 7% during 2016. Linesight predicts that tender prices will increase at a faster pace of 7.5% on average, due to the shortage of resources. Greater increases are expected in the Dublin area and this could be 9% or even higher for complex city centre projects.

SCSI reports that 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.

 

Average Irish Construction Prices 2017

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

(Click image to enlarge)

Average Irish Construction Costs 2017. Source: Linesight

 

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

(Click image to enlarge)

International building costs per m2 of internal area, in 2017. 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 2017-2018 is 8%.

(Click image to enlarge)

Labour and Materials Prices, 2017. Source: Turner & Townsend

 

 

The latest monthly data from CSO recorded that all materials prices increased by 3.4% in the year since July 2016.

The most notable yearly changes were increases in Glass (+21.7%), Sand and gravel (+21.4%) and Plaster (+7.9%) while there were decreases in Other concrete products excluding precast concrete (-1.5%), Concrete blocks and bricks (-0.6%) and Other structural steel (-0.4%).

 

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.

New SCSI House Delivery Cost Calculator Tool

SCSI have developed a useful online calculator for developers to perform an analysis tailored to their own developments.

Private/individual users should use this calculator cautiously. Professional fees, for example, will be considerable higher for private developments than they are for developer built schemes where the level of repetition is often high.

SCSI highlights that the actual construction costs or hard costs made up less than half of the total costs. The online calculator allows users to adjust each elemental component of both the hard and soft costs for themselves.

House Delivery Cost Calculator (screenshot). Source: SCSI

 

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

The Secret Guide to Deal with Architects – Take 10

 

Our 10th and last secret tip about how to deal with an Architect is about evaluating performance.

If you have just landed here do not miss our previous tips:

 

10. Provide Feedback

Good or bad! Your Architect wants to hear from you. Your Architect wants to know if you are happy with his/her services, how can he/she improve or if there is a better way to do things. Feedback is a powerful means of personal development. It may help your Architect to be more productive or to excel in his/her performance.

The secret guide to deal with architects take 10

 

Hot Tip:  Get into the habit of providing regular feedback at the end of each project stage. Make your feedback timely, specific, and frequent. The best feedback is a combination of praise, areas for improvement, and specific suggestions. But a single line of text may just be enough! (Our feedback survey is always accessible, if you don’t have the link for it just ask us.)

 

Start from Take 1 – Stages

 

 

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