Introduction
The construction sector in Ireland continues to face a number of
economic and geo-political pressures and despite this, the outlook
remains positive with forecasts for the sector to grow overall this
year.
Our latest construction update puts the spotlight on three key
developments facing the sector at present and looks at:
- Professional indemnity insurance update;
- Developer focussed Croí Cónaithe Scheme; and
- Collateral warranties – a construction contract or
no?.
1. Professional indemnity insurance update
Our September 2021 edition noted that the professional indemnity
insurance ("PII") market in Ireland had
considerably contracted over the last few years.
Unfortunately, the PII market has constricted further (in
particular in relation to cladding and roofing) due to the ongoing
aftermath of Grenfell and the withdrawal of a number of insurers
from the market.
