Re: Re: Construction Costs in Ireland in 2012
The danger is that one hears about this through third parties who never admit the real cost of anything. Rarely do customers and owners convey what they actually paid for things. Wages are down especially for operatives working for unscrupulous builders. Materials and energy has gone up due to large amount of imports. The bigger problem is below cost selling by lots of people in the industry contractors and architects. While an architect going out of business is traumatic it is more so for contractors if the client is stuck with an unfinished building. There have been stories where contractors have priced up to 25% below cost only to go bankrupt ½ way through or worse emigrate leaving workers and suppliers out of pocket. In addition if VAT etc is not paid it could leave the client vulnerable for such costs with revenue. Costs are down but not to 1980 levels and in light of the above tread carefully.