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04/07/2001
PROVINCE MAY SEE RISE IN TENDER PRICES
BUILDING tender prices in Northern Ireland will rise at well over the rate of retail price inflation over the next couple of years, according to the latest forecast produced by EC Harris.
The latest survey – as published on the firm’s website (www.eharris.com) shows that building tender prices in Northern Ireland are likely to rise by around 3 per cent over each of the next two years.
Commenting on the figures, Jim McClean, EC Harris Belfast office, said: “The continued weakness in the American economy and the crisis in the manufacturing sector could impact quite heavily on the building industry in Northern Ireland.
“With the Odyssey Project now largely complete and an improved supply of labour, market conditions are fairly static. Indeed, there is some evidence of labour returning from the south where some projects have been cancelled. With materials freely available, there is little in the way of resource shortage to drive up the building prices.
He added: “There is still very little evidence of any increased activity due to the ‘peace process’ and there remains the possibility of disruption over the summer period due to the lack of resolution of the Drumcree situation. There are therefore some causes for concern for the building industry in Northern Ireland.”
(CL)
The latest survey – as published on the firm’s website (www.eharris.com) shows that building tender prices in Northern Ireland are likely to rise by around 3 per cent over each of the next two years.
Commenting on the figures, Jim McClean, EC Harris Belfast office, said: “The continued weakness in the American economy and the crisis in the manufacturing sector could impact quite heavily on the building industry in Northern Ireland.
“With the Odyssey Project now largely complete and an improved supply of labour, market conditions are fairly static. Indeed, there is some evidence of labour returning from the south where some projects have been cancelled. With materials freely available, there is little in the way of resource shortage to drive up the building prices.
He added: “There is still very little evidence of any increased activity due to the ‘peace process’ and there remains the possibility of disruption over the summer period due to the lack of resolution of the Drumcree situation. There are therefore some causes for concern for the building industry in Northern Ireland.”
(CL)
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Northern Ireland WeatherToday:A chilly start with a widespread frost and some freezing fog, any freezing fog slow to clear. Otherwise bright with sunny spells and coastal showers. Light winds. Maximum temperature 6 °C.Tonight:Coastal showers dying out with a widespread frost developing along with freezing fog, which could become extensive. Winds remaining light. Minimum temperature -3 °C.
