Soaring building prices pushes up cost of state nursing home contract by €100m

Multinational construction company BAM withdrew when it could no longer stand by its agreed fixed price

Seven community nursing homes are being built on HSE sites across the country under a private public partnership. Picture: Getty

The cost of a new state nursing home contract has soared by €100 million to €670 million in the space of four years, it has emerged.

Seven community nursing homes for 530 patients are being built on Health Service Executive (HSE) sites around the country by a private consortium under a private public partnership.

Tender documents show that the contract was originally advertised by the HSE in 2019 at a “capital expenditure value” of €150 ...