Revenue soars at top building firms

THE combined turnover of Ireland’s top construction firms increased by €720 million last year, according to Construction Magazine’s annual Top 50 CIF Contractors listing for 2018.

The annual listing gives a snapshot of the overall growth in Irish construction as it delivers many large scale projects throughout Ireland and the world, attracting foreign direct investment to Ireland and exporting over €1.6bn in construction expertise.

The Top 50 Irish Contractors reported a combined turnover of €6.72 billion over the last 12 months, with €5.1 billion of this activity taking place in Ireland and €1.62 billion resulting from exported construction services.

Ireland’s Top50 Contractors list was revealed last week in Dublin as industry leaders gathered to see how their firm ranked. “Irish main and specialist contractors are absolutely critical to the Irish economy’s competitiveness. The largest corporations in the world locate in Ireland for many reasons. But, if our main and specialist contractors were not worldclass they would never establish a footprint here. Ireland is working because this sector is working,” said CIF Director General Tom Parlon.

“The construction industry is changing, we are innovating and leading the way in how we implement new and improved technology, how we attract and retain workers and how we work together more generally,” Mr Parlon said.

“We have emerged from the depths of the recession leaner, more modern, sustainable, adaptable and resilient. But there are significant improvements, that still need to be made in order to preserve and support our sector’s recovery into the future,” Tom Parlon said at the launch of the list.