Have you seen our new website?

Last year we updated our website to reflect the changing face of our brand. Duke McCaffrey has been entering new markets and undertaking some significant projects in Ireland too.

We are currently working on the transformational project NEOM – New Future. A truly exciting vision for Saudi Arabia, creating a new infrastructure for people to live, dream big, work and play in a sustainable way. You can find out about our role in this exciting project here:
dukemccaffrey.ie/projects/neom.

The website is a new platform to exhibit the success of the Duke McCaffrey team!

Do let us know your thoughts by email:
rebecca.coffey@dukemccaffrey.ie.

2023 has commenced with a level of stability that was somewhat unexpected as we were planning for continued tightening of workload volumes and easing growth. However, despite the increasing interest rates, capital projects remain cautious but at a resilient pace.

With this in mind, there is much more scrutiny of project finances and a significant amount of strategic planning taking place to account for interest rates and inflation fluctuations. This is having a negative impact on the momentum of the procurement and implementation of projects.

Added to this, the projects which are on-site are plagued with challenges from both programme and cost acceleration perspectives, with many projects experiencing disputes in these areas. Prolongation and Cost Inflation claims remain prevalent with contractors, developers and clients – all suffering from increasing costs and reducing valuations. Suffice to say, everyone is feeling pain, with some experiencing narrowing margins or returns and this vicious cycle is putting strain on the construction model from investment and funding through build and completion.

When we attended the Housing Ireland Conference 2023 this week, it set out the plan on how they hope to deliver Housing for All with an aspiration to deliver 30,000 units per annum at a cost of €12.70bn.

A renewed emphasis on the cost rental model is seen as one of the important immediate actions to resolving the pressure in the system. However, housing in Ireland has been plagued by Black Swan Events and an exodus of private landlords at a time the eviction ban is coming to an end. This coupled with significant issues in the Tech sector and the failure of the Silicon Valley Bank is having an impact on layoffs and unemployment.

It is important we act fast to keep the economy moving. Take the data centre industry in Ireland as one example. Since an announcement on slowing down new projects, there have not been any real signs if and when the power crisis might ease up so that the sector can get back to completing the many projects which are currently on hold. While the hotel and leisure sector carried massive losses during Covid and since then plagued by the cost of energy in the sector, there has been some relief in the assistance from the continued low VAT rate.

2022 was another successful year for Duke McCaffrey, thank you to everyone who has helped us to achieve so many milestones throughout last year.

Last year our team excelled in many industry awards having been finalists at both the ‘Irish Building & Design Awards’ and the ‘Irish Construction Industry Awards’. We have kicked off the New Year with Joe McCaffrey being shortlisted at the Irish Construction Excellence Industry awards for Construction Project Manager of the Year.

Our projects continue to grow in numbers and diversity after being appointed on several new projects across a range of sectors including a new 10,000sq.m. Primary Care Centre in Navan, Fit Out project at Stemple Exchange in Blanchardstown, New School Extension at Kildare Place National School, Residential development at Elm Park, Dublin 4, Keppel Data Hall 1 and 2 projects and a New Build Facility for Disability Services at St. Otteran’s in Waterford.

We are looking forward to another successful year in 2023!

World Suicide Prevention Day – Mizen to Malin Challenge

Later this year, we will be taking part in the Mizen to Malin Head challenge. Inspired by Adrian Shanahan, there will be three of us cycling the distance including David Madden and Joe McCaffrey. To give them a head start, we are covering the entry costs so everything you give will go directly to the charity.

Every year we hear of someone close to us has been tragically affected. World Suicide Prevention Month gives us a moment to acknowledge those affected by suicide and help raise awareness. Follow Adrian Shanahan on LinkedIn as he will be posting regular updates of our training about what is a truly epic challenge over the coming months!

If you are in a position to do so I would welcome any donation you can give to this fantastic cause.