Mr James says both public and private projects are affected, as viability remains challenged across the country.
Addressing the housing supply issue, he says rising construction costs will put the government’s ‘Housing for All’ targets under huge pressure.
He added: “We are clearly at a tipping point where some residential developments may or may not happen. A lot of the increased costs are due to global supply chain issues, and we cannot mitigate increased shipping costs, the price of insulation, reinforcement, steel, plywood etc.”
“What the Government must do is focus on things within our control such as the planning process, the public procurement process, better resourcing of local authorities, reducing ESB connection and site work charges, earlier engagement with Irish Water to avoid delays, greater flexibility around planning permissions to enable more cost-effective materials to be used etc.
“In order to keep costs under control its imperative the focus is put on these soft costs which make up roughly half the costs of delivering a new home.”
Mr James is owner and Managing Director of Cogent Associates, a Dublin based construction and property-based consultancy service provider.
Mr James, who is 50, was educated at Trench Road Primary School, St Columb’s College and North West Regional College in Derry.
He is married with four children and lives in Blackrock in Dublin.