With added functionality to calculate the embodied carbon content (eCO2) of a range of building types the Ireland Construction Cost Database has been updated. Containing a wide range of data on construction costs, valuation, office occupation costs and tender and cost inflation predictions the updated App is a useful tool for the property and construction industry.

With a building and materials cost inflation forecast of c. 4.0% through 2025 and expected labour cost increase in the range 2.5% - 3.5% in the same period I expect tender prices (for general building) to increase by up to 3.4% in 2025 based on these assumptions. This assumes that contractors hold gross margin targets of 7% given the expected level of activity in the market. With this forecast tender increase being lower than that experiences in 8 of the past 10 years it is a good time to progress projects to take advantage of current prices.