Construction 5

The following are some interesting points on why solid statistics that report on construction activity can’t be based solely on commencement notices:

  • What’s really going on the ground and what is predicted to happen cannot be based on planning application volumes or commencement notices
  • You can equate a planning application for 5 houses with one for 5000. So for example, that just because commencement notices are down in number for a particular quarter, doesn’t mean that construction activity is down…in fact, it could be up, based on the number of units contained within each commencement notice
  • The Society of Chartered Surveyors in Ireland in their document “Irish Construction Prospects for 2016” have cast doubts on the validity of using published (unverified) commencement notices as a guide to activity stating that there is “a substantial gap between the published commencements and completion data”.

CIS research policy ensures that published commencement dates have to be 100% verified as there is often a significant difference between when a project is published to start and what actually happens on the ground.

The CIS Research Team have confirmed and verified over €4bn in commencements for large scale projects already this year with a further €2bn+ already confirmed for the latter half of the year.

Largest Confirmed Commencements for late 2014/2015

Project ID

Title

Primary Category

County

Stage

Start Date

Finish Date

Value

123970

€550m N17/N18 Gort To Tuam PPP Contract

Road / Highway

Galway

On Site

09/03/2015

09/02/2018

€550 m

62681

€500m M17 Galway (Rathmorrissy) to Tuam Motorway Scheme

Road / Highway

Galway

Contract Awarded

10/03/2015

14/02/2018

€500 m

56936

€500m Poolbeg Incinerator

Waste Transfer Station

Dublin

On Site

21/10/2014

21/10/2017

€500 m

121504

€220m N25 New Ross Bypass PPP Scheme

Road / Highway

Wexford

Contract Awarded

06/10/2015

05/04/2018

€220 m

570499

€200m Harbour Redevelopment

Apartments

Wicklow

On Site

16/02/2015

20/10/2017

€200 m

767561

€150m Google Data Centre

Office Building

Dublin

On Site

21/07/2014

 

€150 m

741764

£150m Design & Construction of Campus Blocks

University

Antrim

On Site

25/05/2015

25/11/2018

€150 m

783103

€134m Office Development

Office Building

Dublin

On Site

13/04/2015

18/05/2017

€134 m

684830

€130m Intel Manufacturing Buildings

Factory

Kildare

On Site

01/04/2014

01/10/2015

€130 m

697385

€120m Dairygold Expansion

Factory

Cork

On Site

12/08/2014

01/08/2016

€120 m

583220

€100m Electricity Generating Station

Power Station

Mayo

Contract Awarded

29/06/2015

03/01/2017

€100 m

647504

€95m Wind Farm

Wind Farm

Cork

On Site

01/12/2014

03/06/2016

€95 m

742394

€80m Educational and Medical Training Facility

School

Dublin

On Site

04/11/2014

05/11/2016

€80 m

72163

£75m Hospital

Hospital

Tyrone

On Site

15/09/2014

15/12/2016

€75 m

143687

€67m Páirc Uí Chaoimh Redevelopment

Sports / Football Stadia

Cork

On Site

21/09/2015

21/09/2017

€67 m

590052

€53m Event and Convention Centre

Conference / Exhibition Centre

Cork

Contract Awarded

26/06/2015

26/06/2020

€53 m

754071

£65m Road Upgrade

Road / Highway

Antrim

On Site

02/02/2015

05/06/2017

€50 m

777857

€50m – Office Development

Office Building

Cork

On Site

01/10/2014

01/04/2016

€50 m

618786

£50m Radiotherapy Unit

Hospital

Derry

On Site

10/07/2014

10/07/2016

€50 m

775741

€50m National Indoor Arena

Sports Arena / Hall

Dublin

On Site

23/03/2015

23/11/2016

€50 m

803539

£42m Phase II Signalling & Telecoms Design and Build Contractor

Railway Track / Work

Derry

Contract Awarded

22/06/2015

22/02/2017

€42 m

96605

Luas Cross City Scheme

Tram Track

Dublin

On Site

21/07/2015

15/08/2017

€370m

To view details on thousands of key construction projects taking place across All Ireland, visit our website, www.cisireland.com or contact us by phone 01 2999 200 to find out more about what CIS Online can do to maximise your business turnover potential!

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