Cogent Managing Director and SCSI President Kevin James shares key recommendations for Government, on the back of the latest SCSI Tender Price Index results.
Commercial construction tender price inflation is running at 14%, following an average increase of 7.5% in the first 6 months of this year.
The SCSI recommends to Government to address inflation by focusing on soft costs such as planning reforms and utility connection charges. Government should reduce overall levels of risk and costs of delivery where they can, such as reducing planning delays and timelines.