The sweeping statement is all yours, Doug Virginian(!)
In India they can build it for perhaps a quarter or less than we can - but the subject site is in Dublin 3.
Compare anything you like in a given country, but don't compare different countries - builders live an work on one country usually.
And if you want to extol the virtues of rushing to the bottom after price - be my guest, you'll get what you pay for.
The price of materials has remained high for a long while.
Many people address the price of labour as a cost saving mechanism, using foreign operatives.
The trouble is, foreign operatives don't always know the necessary building practices for a climate and ground conditions like ours.
Last built work I did I called to site to witness the out-of-town workmen back filling foundation trenches with 6 inch (150mm) lumps of broken block with plaster still on them.
Plaster needs to be separated out, and backfilling is requried to be done with graded hardcore vibrated and consolidated in 6 inch (150mm) layers.
Building with 6 inch (150mm) lumps creates voids that could lead to later settlement and cracking of the slab, or reservoirs of water under the slab, which could lead to frost heave.
Persons who pay bottom of the market prices will not foresee this, nor will problems become evident for some time, but which the bird will have flown the coop.
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As for builders going bust, I'm referring to the kind of story I've heard about anecdotally last year.
Main Contractor asked for up front payment for a 14 week job, did most of it and disappeared on week 9 - gone.
Plus we've had queries on AAM about people buying incomplete houses and certification, that kind of thing.
In my own profession I see people trying to get credit extended to their firms and taking on work that doesn't pay them to do it to keep going.
I know of one firm that offered to do work for free this year to get paid next year, trading on their credit facilities and eating into retained profits.
If their client turns to them and refuses to pay next year, they're gone, perhaps owing millions in personal guarantees.
That's what eventually happens when you're working for less than your break even point- its not worth it.
Better by far is to accept existing market conditions and let the business fold.
Perhaps to step out of the game for a while until sanity returns.
Maybe wait while there is a levelling of prices across the board.
Perhaps diversify into other products, industries or markets.
That way you can preserve your assets for the upswing.
If the cost of living and materials here comes down to whats in India we can build for what they build in India.
Otherwise beware of low quotations, based on the guide I've given above.
You may indeed be lucky and get a bargain from a firm that's looked ahead and trimmed prices to the bone and is sustainable at that level, but beware.
A guy working below his break even point is having to roll over an ever-increasing debt from one job to another and will eventually hit his limit.
The danger is it might happen on *your* job.
ONQ.
[broken link removed]
All advice on AAM is remote from the situation and cannot be relied upon as a defence or support - in and of itself - should legal action be taken.
Competent legal and building professionals should be asked to advise in Real Life with rights to inspect and issue reports on the matters at hand.