The Irish construction sector is facing a growing crisis as the price of many materials rocket and firms get increasingly nervous about taking on fixed price contracts in an inflationary environment. At least one other big player in the sector is working through similar significant issues, said a number of sources. “They need the time and space to try and work through these issues but public sector contracts are the main problem,” said one well-placed source. But contracts for affordable housing units are signed long in advance with set prices, and housing bodies are refusing to budge, said a knowledgeable source. Conditions are getting no better [and we] are working for the same prices we were getting 20 years ago.”

Source: Irish Independent March 20, 2022 08:42 UTC