The 2023 CIF Top 50 Contractors edition of Construction magazine, which gives a snapshot of the country’s
construction industry at the end of 2022, has launched. Congratulations to all who feature in this year’s lists.
The CIF Top 50 Contractors 2023 have a total turnover of €15.68bn for 2022, an increase of €2.79bn on the previous year’s €12.89bn. A total of €10.54bn in construction activity was recorded in Ireland, up from €8.54bn the previous year.
The Top 50 exported over €5.14bn in construction expertise, €780m more than the previous year’s €4.36bn. The entry figure for inclusion in this year’s Top 50 was €53.548m.
This year’s list sees four CIF member companies reach the billion euro turnover mark, with Jones Engineering and Winthrop Technologies Ltd hitting this milestone for the first time.
The CSO’s recent Production in Building and Construction Index report, released in June, shows the volume of production in construction rose by 7.5 per cent in Q1 2023 compared with Q4 2022.
The non-residential building sector grew by 12.9 per cent while the residential building sector showed an increase of 7.1 per cent in this period. The civil engineering sector rose by 4.6 per cent.
While highly encouraging, the industry continues to face and find solutions to on-going global challenges affecting project delivery in the built environment.
The CIF’s member body, the Irish Home Builders Association (IHBA), has made ‘More Homes for More People’ its priority at a time when increasing pressure on affordability and supply chain is at a peak.
As part of a recent presentation to the Oireachtas Committee on Housing, Local Government and Heritage on infrastructural provision and residential developments, the CIF and IHBA revealed that over the last number of years housing output has increased from under 10,000 units per annum in 2016 to nearly 30,000 units in 2022.
There was an increase in output of 45 per cent between 2021 and 2022. It is reassuring to see this trend reflected in the turnovers of several home building companies featured in the Top 50 this year.
As part of this special edition, we also extend a huge welcome to new CIF Director General Hubert Fitzpatrick.
Having already forged a distinguished two decade career within the Federation, he stands energised to lead the CIF into its next chapter and outlines his vision for the construction industry on page 26.
Congratulations, once again, to all of 2023’s Top 50 contractors and to all of the companies who feature in this year’s lists.
Read the latest edition here:
