The construction sector in the Republic of Ireland is currently experiencing increased levels of activity and overall the market looks with positivity towards the future. Results from Turner Townsend’s latest Republic of Ireland Market Intelligence Survey echo this sentiment with a majority (63.6%) of contractors surveyed expecting the market to warm in the short to medium term.
Despite the positive outlook there are still challenges on the horizon. One of the most common supply chain challenges facing surveyed contractors in the Republic of Ireland is a shortage of skilled labour. Margins also appear very tight and are constantly being squeezed across the country.
This latest survey highlights the pressure being placed on the construction market in the Republic of Ireland, where a growing skills shortage and high demand for resources and labour is leading to major price inflation in the capital said Mark Kelly, Managing Director, Turner & Townsend
“Growth is being driven in particular by commercial construction as well as the residential sector – which is beginning to see major investment after a decade of inactivity.
“Against this backdrop of rising costs, contractors and clients need to look to new technologies and methods, as well as better use of data and programme management techniques to unlock savings.”
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Turner & Townsend regularly interact with the supply chain in order to better understand the market dynamics which are fundamentally affecting construction price and cost movements in the Republic of Ireland. Every 6 months we collate survey responses from Irish contractors, allowing us to glean a snapshot of the local market place. This enables us to provide our clients with the most relevant and up to date market intelligence
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