According to the latest edition of the Building Information Index Vol. 2 Q1/Q2 2015 the average time it takes for construction projects to move from Planning Application phase to Commencement is now standing at 74 weeks representing a 6% drop in duration times from end of Q1. Of the seven construction projects sectors examined by the Index, the Residential sector is the only one showing significant delays, currently at 139 weeks. As this sector represents such a large amount of the overall industry it is having a substantial effect on the total average.
The Building Information Index is compiled from real time planning and construction projects data by a team of researchers at Building Information Ireland. The full Q1/Q2 index can be downloaded here. Full details on all projects aggregated in the Index can be viewed on the BuildingInfo website. A free 10 day trial is available.
