The body representing Irish builders has entered into "intense" talks with the state regarding funding for infrastructural spending across the country, it has been revealed.

The Construction Industry Federation (CIF) has called on the government to increased capital expenditure, to help stimulate the economic amid the ongoing recession.

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Construction tender prices are now said to be back down to 2000 levels, a drop of 11% in recent times.

CIF officials said the state should be investing in labour intensive work such as roads maintenance, transport schemes and housing projects, in order to shore-up the building trade.

The group has said investing in infrastructure will give a guaranteed return by creating thousands of much-needed jobs in the ailing sector.

(PR/JM)