AQW 21632/17-22

Mr Andrew Muir
Alliance Party
North Down

Tabled Date: 07/07/2021
Answered On Date: 14/07/2021
Priority Written: No

Question:
To ask the Minister of Finance how a shortage in raw materials is impacting the delivery of major capital projects and procurement.

Answer:

Covid pandemic restrictions, increased investment in infrastructure internationally and widespread increases in home improvements, are leading to shortages, delivery delays and escalating costs for certain construction materials and products. These market conditions are beginning to impact on the delivery of major projects.

To ensure that construction projects, which are vital to the delivery of public services and wider economic recovery, are not unduly impacted, my Department has consulted with construction industry representatives on the development of proposals aimed at managing the impact of delays and sharing the risk of material price volatility. These proposals will require Executive consideration.