Sisk threatened to pull out of all future social housing schemes over costs

Sisk, Ireland’s largest building contractor, threatened to pull out of all future social and affordable housing developments before the government announced it would intervene to cover some construction cost inflation, the Business Post has learned.

In a letter to Darragh O’Brien, the Minister for Housing, Paul Brown, chief executive of Sisk, said the company had been “consistently realising losses” on all social housing projects to date, which was “ultimately undermining the viability” of the business.