A recent survey of construction executives has revealed 90% expect no improvement in trading conditions next year.

The survey, conducted by the Irish Construction Industry Magazine, sampled 200 firms.

Over half of the businesses questioned said they expected a growth in mergers and acquisitions, in an attempt to consolidate activity, amid falls in workloads.

Irish Construction Editor Colin Leopold said: "Although capital funding may still be weak, it may prove that a marriage of convenience may offer enough shelter to keep an ailing business afloat.

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Stagnation, or worsening, in the sector during 2009 was predicted by 66% of respondents, with more than a quarter suggesting there would be a likely improvement.

A tightening of cash flow resulted in 75% admitting they had experienced difficulties getting paid in the last year.

Almost a quarter of those polled said they have begun to diversify their business, moving away from the construction trade.

Respondents cited the housing market slump as the biggest barrier to trade at present, in addition to difficulties in raising capital and combating the rising costs of materials.

The result of the survey will be debated by a specialist panel meeting in Dublin today.

CIF Director Tom Parlon; Ulster Bank Chief Executive Pat McArdle; and Fine Gael Deputy Leader Richard Bruton will lead the delegation at Croke Park.

(PR/JM)