construction Archives - LSL Auctions News

construction

Plant, Machinery and Equipment Sale at GVM Kilmallock Mart on Saturday, 27th May with more than 100 items on Auction

KILMALLOCK, IRELAND – Attention all farmers, contractors, and equipment enthusiasts! Mark your calendars for the highly anticipated Plant, Machinery, and Equipment Sale happening on Saturday, May 27th, 2023. Hosted by GVM Kilmallock Mart, this auction promises to be a must-attend event for those seeking top-quality machinery. To participate in this auction and place a bid, click on the following link to register. CLICK HERE! See the full Catalogue HERE! Located at…

Contraction in construction sector mostly in commercial property – PMI

According to the BNP Paribas Real Estate Ireland Construction Purchasing Managers Index (PMI), recent price pressures have resulted in the construction sector contracting in June 2022. This marks the first time it has decreased in size since April 2021. Director and Head of Research at BNP Paribas Real Estate Ireland, John McCartney, comments that, “June has been a watershed month for construction activity. The post-Covid rebound has been fading since…

Slow processing of PPS numbers impacts construction projects

New building projects across the country appear to be held up due to the slow issuing of Personal Public Service (PPS) numbers for construction workers. As such, this is extending timeframes for some projects . Minister of Social Protection, Heather Humphreys, has been contacted by the Construction Industry Federation (CIF) to highlight the matter. A PPS number is required by construction workers to complete a Safe Pass programme, which allows…

High price volatility in building materials must be curbed – SCSI

The main reasons for current price inflation is high price volatility across building materials – particularly insulation, cement, plasterboard metals, according to the Society of Chartered Surveyors Ireland (SCSI). Their Real Cost of New Apartment Delivery reports published in 2017 and 2021 respectively showed that lower-rise suburban apartment delivery costs rose from €155,000 to €177,000 during the four-year period. The report also highlights other factors such as labour cost increases…

Open-ended scheme approved for construction sector

The Irish cabinet has approved plans for an open-ended scheme that will pay up to 70% of builders’ construction costs. These must be related to inflation and made in line with Central Statistics Office figures. However, builders can backdate qualifying claims to 1 January, 2022. The scheme is likely to cost millions of euros each month. Furthermore, the estimated bill for the first trimester could total EUR 30-40 m. Minister…

Rising inflation impacts construction projects

Linesight, the Dublin-based construction consultancy firm, says rising inflation will affect multinational employers’ efforts to build or expand facilities in Ireland in 2022. In its new Construction Insights and Commodity Report, the global surveyors’ firm highlights that rising energy costs, as well as the war in Ukraine, will affect prices for building materials such as timber, steel, and copper. Linesight manages construction projects for industries in 24 countries. Clients include pharmaceutical…

Apartments take the lead in Dublin’s new housing sector

An analysis of Department of Housing statistics by Goodbody Stockbrokers has showed that most new housing units currently being built in Dublin are apartments. These are either being built as social housing or financed by cuckoo funds. As such, only a limited number of these units will be made available for purchase. Dermot O’Leary, a Goodbody economist has fingered planning blockages through the courts for overall construction levels falling back.…