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Construction tender prices increase

The Tender Indices for the second half of 2014, produced by the SCSI, show construction tender rates continue to rise steadily in 2014, up 4.4% from this time last year. Construction tender prices increased by 2% since the beginning of 2014.

The continued stabilising of tender rates in the first half of 2014 are due to a number of factors. International demand for materials such as steel, metal etc., rising fuel prices and running costs have led to material price increases that can no longer be absorbed within tender rates. The rates also reflect the recent steady increase in construction activity in Dublin.