The SCSI has published its latest Tender Price Index (TPI), reporting a 1.5% increase in commercial construction tender prices in the first half of 2025. This marks the third consecutive period of modest growth at the same rate, following similar increases in both halves of 2024.
While overall inflationary pressures have moderated, rising labour costs and continuing skills shortages remain the key drivers of tender price movements. Geopolitical uncertainty and potential supply chain disruptions also continue to influence market sentiment.
Key Findings
- National trend: +1.5% in 1H 2025 (same as 2H 2024 and 1H 2024)
- Regional changes:
- Dublin: +1.0%
- Leinster excl. Dublin: +0.5%
- Munster: +2.0%
- Connacht/Ulster: +2.0%
- Surveyor insights:
- Two-thirds of respondents reported tender price increases in 1H 2025
- Half believe building material costs are at mid-upswing or peak levels
- Market pressures: Labour shortages and cost inflation remain the most significant factors impacting prices
The SCSI TPI provides the only independent assessment of commercial construction tender prices in Ireland, based on survey data from Chartered Quantity Surveyors nationwide. It applies to commercial new-build projects valued above €1m and should be used as a guide only.