{"id":1213,"date":"2012-07-06T11:18:02","date_gmt":"2012-07-06T11:18:02","guid":{"rendered":"http:\/\/isabelbarrosarchitects.ie\/blog\/?p=1213"},"modified":"2013-07-18T16:57:29","modified_gmt":"2013-07-18T16:57:29","slug":"irish-construction-costs-2012","status":"publish","type":"post","link":"https:\/\/isabelbarrosarchitects.ie\/blog\/irish-construction-costs-2012\/","title":{"rendered":"Irish Construction Costs 2012"},"content":{"rendered":"

Our posts about Construction Costs<\/a> are very popular and provide useful information to guide you on the costs for your construction project in Ireland.<\/p>\n

The latest publication from Bruce Shaw<\/a> – Bruce Shaw Handbook 2012 – shows that tender prices bottomed out and prices rose by 2%<\/strong>. Bruce Shaw is one of Europe\u2019s leading quantity surveying practices, they provide construction cost management, construction project management and consultancy services.<\/p>\n

Prices are still at levels not seen since the late 1990\u2019s but it seems that the race to the bottom has halted, says the publication.<\/p>\n

Below cost tendering is not sustainable and many contractors and sub-contractors have realised that.<\/p>\n

Bruce Shaw predicts that prices will remain very competitive but they will rise by a further 3%<\/strong> during 2012.<\/p>\n

 <\/p>\n

Average Irish Construction Prices 2012<\/span><\/p>\n

The average construction costs table is generated using Bruce Shaw\u2019s Cost Database and sets out typical building construction costs.<\/p>\n

(Click image to enlarge)<\/p>\n

\"Average<\/a>

Average Irish Construction Prices 2012. Source: Bruce Shaw<\/p><\/div>\n

 <\/p>\n

Labour Rates<\/span><\/p>\n

Labour rates were reduced by 7.5% in February 2011 (after prolonged negotiations with the construction trade unions). Below is a graphic showing Irish construction labour rates since 2005.<\/p>\n

It is interesting to note they remained unchanged between 2008 and 2011. We believe they will stay at this level for a good few years but the lack of skilled workmanship may change this at any moment.<\/p>\n

(Click image to enlarge)<\/p>\n

\"Construction<\/a>

Basic Hourly Wages in Ireland. Source: Bruce Shaw<\/p><\/div>\n

 <\/p>\n

 <\/p>\n

Construction Materials Prices<\/span><\/p>\n

Bruce Shaw Handbook notes the prices of some materials are reducing also but by less than might be expected since local manufacturers are experiencing smaller production volumes and imported commodities such as steel and copper reflect global demand.<\/p>\n

This, however, contradicts the latest price index<\/strong> published by the Central Statistics Office of Ireland in May 2012.<\/p>\n

In May 2012 the CSO recorded that all building and construction materials prices increased by 3.0%<\/strong> in the year since May 2011.<\/p>\n

The most notable yearly changes were increases in Stone (+11.3%), Sand and gravel (+9.8%) and Paints, oils and varnishes (+7.4%) while there were decreases in Other steel products excluding structural steel and reinforcing metal (-2.3%), Plaster (-1.9%) and all other metal fittings (-1.8%). All building and construction material prices increased by 0.2% in the month. Click here<\/a> to read the full publication.<\/p>\n

 <\/p>\n

Guide to Rebuilding Costs in Ireland<\/span><\/p>\n

The Society of Chartered Surveyors<\/a> 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 2012. Click here<\/a> to read the full publication.<\/p>\n

(Click image to enlarge)<\/p>\n

\"Rebuilding<\/a>

Table of Rebuilding Costs March 2012. Source: Society of Chartered Surveyors.<\/p><\/div>\n

 <\/p>\n

Overall, it is still a good time to build, particularly if you can finance it yourself.<\/p>\n

Check out our other articles in this series<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Our posts about Construction Costs are very popular and provide useful information to guide you on the costs for your construction project in Ireland.<\/p>\n

Bruce Shaw predicts that prices will remain very competitive but they will rise by a further 3% during 2012.<\/p>\n","protected":false},"author":1,"featured_media":1238,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[12],"tags":[22,21,23,25],"class_list":["post-1213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-construction","tag-construction-2","tag-costs-2","tag-ireland","tag-prices","post-preview"],"yoast_head":"\nIrish Construction Costs 2012 - Isabel Barros Architects - Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/isabelbarrosarchitects.ie\/blog\/irish-construction-costs-2012\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Irish Construction Costs 2012 - Isabel Barros Architects - Blog\" \/>\n<meta property=\"og:description\" content=\"Our posts about Construction Costs are very popular and provide useful information to guide you on the costs for your construction project in Ireland. 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