Darragh O'Brien (Dublin Fingal, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

The Residential Construction Cost Study was conducted under Action 19.1 Housing for All and is a shared Construction Sector Group (CSG)/Government initiative facilitated by my Department.

The study finds that overall construction costs using Irish specifications on a cost-per-square-metre rate for the same apartment building are broadly in line with construction costs in the four European comparator locations. However, potentially significant cost savings related to specifications, scope and size have been identified.

The cost modelling for apartments in the study found potential cost reduction opportunities on scope and specification.

While the cost modelling for housing found potential opportunities primarily linked to size, and in scope and specification to a lesser extent.

The study identifies seven proposed cost reduction actions related to the specification which related to standardisation, typologies and finishes, scope of works and size.

Arising from this report, the Government has agreed to implement a set of key actions. These will be implemented as priority actions, led by my Department, in collaboration with Government and Industry. These actions will facilitate the implementation of real and measurable cost-savings in Irish residential construction. The study’s findings will also be used to inform future policy and initiatives.