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It is imperative that the National Development Plan be implemented
as planned, according to Davis Langdon PKS - one of Irelands
biggest construction firms.
It said that construction firms are already lowering their
tender prices for contracts and that there is no better time
to achieve real value for money for the investment under the
NDP.
Davis Langdon PKS Managing Director, Norman Craig, said -
"It is vital for the future economic and social well-being
of this island that the National Development Plan 2007-2013
is delivered in full. It is an ambitious framework for the
continuing economic development of Ireland and must not be
scaled back or downgraded in any way.
"The Plan published in 2007 with the title - 'Transforming
Ireland - A Better Quality of Life for All' (Click
Here) - sets out a six-year programme for development.
Conceived and published in a more optimistic economic climate,
it is even more important in today's more difficult times."
Norman Craig added - "A key component of the plan is value
for money and, with tender levels low and contractors scrapping
for every new project, there is no better time to achieve
real value for money."
The Davis Langdon PKS Summer Review reveals that construction
prices increased by 5pc between March 2007 and March 2008.
However, tender levels - the prices contractors bid for new
work - have been much more competitive. "The perceived shortage
of new work has led contractors to submit exceptionally low
prices for available projects. Price reductions in the order
of -5pc to -15pc have been recorded. Davis Langdon PKS expect
average tender levels to decrease by -8pc in 2008."
Norman Craig said that he expected the Minister for Finance
to be under a lot of pressure to reduce spending in the immediate
future.
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