Construction tender prices up 2.5% in 2025 – lowest rate since 2020

Commercial construction costs are rising at the lowest rate in five years, according to a new report from the Society of Chartered Surveyors Ireland (SCSI). The SCSI’s Tender Price Index (TPI) shows the annual median rate of inflation for last year was 2.5% nationally, the lowest TPI increase recorded since 2020 when it was 2.2%. The Vice President of the SCSI, Tomás Kelly, said the ongoing price stability was positive for the construction sector. “The outlook of chartered quantity surveyors is that tender prices will continue on their current stable trajectory and that after a number of years of disruption caused by Covid and the Ukraine war, the last three years has seen a stabilisation and a return to business as usual,” he said. Read the full story here.