Nordecon in
2022
Nordecon in
2022
Nordecon at a glance
With a history of over 30 years, we are one of the largest and most experienced construction groups in Estonia. Our core business is general contracting in the design and construction market. We are a strong partner in a diverse range of segments – we build residential, commercial and public buildings as well as roads, ports and other facilities. We work daily to make public space across Estonia better, safer, more convenient and in every way more attractive.
Our main market is Estonia. However, our entities operate on a smaller scale in Finland, Sweden and Ukraine and in recent years we have also been doing project-based business in Latvia and Lithuania.
Our people are qualified and competent specialists who prioritise quality and continuous professional growth. We are proud of our experienced team of experts that can offer modern high-quality solutions to any challenges that may arise in the development, design, construction or reconstruction projects.
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Group structure at 31 December 2022, including interests in subsidiaries and associates
Strategic agenda and goals for 2023-2027
- The group will grow, mostly organically, with a focus on efficient use of resources.
- In Estonia, we will operate in the building and infrastructure construction as well as housing development segments.
- In foreign markets (Finland, Sweden and Ukraine), we will compete as a general contractor and a provider of concrete works.
- We will provide our people with a modern and inspiring work environment and a motivation system that fosters collaboration and initiative.
- We will improve our profitability by planning and managing our design and construction operations more precisely.
- We will streamline our work and decision-making processes by implementing modern digital solutions.
- We will maintain the order books of our different operating segments in balance.
- We will set our sustainable development goals and adopt an action plan to achieve them.
- Revenue will grow by at least 5% per year.
- Operating margin for the year will be consistently above 3%.
- Operating profit per employee will increase to at least €10 thousand per year.
- We will deliver a strong dividend yield for Nordecon's shareholders.
Key figures for 2022
323 mln €
(2021: 289 mln EUR)
Revenue
11.9%
(2021: (2.5))%)
Revenue change, year on year
€150m
(2021: €267m)
Order book at the year-end
€163m
(2021: €315m)
Value of new contracts signed
154
(2021: 114)
Projects delivered to customers
658
(2021: 685)
Employees
17/0
(2021: 14/0)
Accidents / Fatal injuries at work (incl. subcontractors)
0
(2021: 0)
Environmental pollution, discrimination and corruption incidents
€0.2m
(2021: €0.2m)
Donations to community projects and charities
€323m
(2021: €289m)
Revenue
11.9%
(2021: (2.5))%)
Revenue change, year on year
€150m
(2021: €267m)
Order book at the year-end
€163m
(2021: €315m)
Value of new contracts signed
154
(2021: 114)
Projects delivered to customers
658
(2021: 685)
Employees
17/0
(2021: 14/0)
Accidents / Fatal injuries at work (incl. subcontractors)
0
(2021: 0)
Environmental pollution, discrimination and corruption incidents
€0.2m
(2021: €0.2m)
Donations to community projects and charities
Construction market
2022. aasta möödus erakordsete muutuste keskel, mille mõju ühiskonnale ja majandusele on ilmselt pöördumatud. Sõda Ukrainas ja sellega seonduvad sanktsioonid Venemaale ja Valgevenele muutsid nii energia kui toorainete turgu ning on põhjustanud kõrge inflatsiooni, mis hüppeliselt kasvatas ettevõtete jaoks sisendite hindu. Statistikaameti andmetel tõusis ehitushinnaindeks 2022. aastal 17,8%. Inflatsioon kasvas kogu 2022. aasta jooksul tavatult kiiresti ning keskpangad üritasid leevendada, tõstes hüppelistelt baasintresse.
It was a challenging year for the construction sector, which tried to maintain profitability and sustainability in a rapidly changing environment. Construction contracts usually have fixed prices and the risk is borne by the contractor. However, as input prices had also increased rapidly the year before, there was an unusually large number of cost-plus-fee contracts in the sector in 2022, which enabled contractors to share a part of their risks with customers. The year 2022 was thus characterised by parties seeking solutions in an extraordinary situation.
In the first half of 2022, the construction market was still growing, supported by strong demand for housing. The uptrend in interest rates, however, cooled the market significantly and by the year-end the demand for construction services had dropped considerably. It is important to note that public spending, which had driven market growth alongside housing construction a year earlier, contracted sharply after the outbreak of the war in Ukraine, causing a market downturn. Drastic cutbacks in the investments made by the Transport Administration as the largest customer in the infrastructure segment had a particularly significant impact.
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Our work
In terms of business volumes, the Nordecon group is the largest player in the Estonian construction market. Our engineers have led and are leading the completion of several large-scale and complex projects, which require very precise and systematic planning and management. We see more precise process management as the key to increasing a general contractor's efficiency.
One of the cornerstones of Nordecon's strategy is to offer a broad range of services, which means being represented in most construction segments in order to deliver long-term and balanced growth. We focus on general contracting and project management in the field of building and infrastructure construction. Our entities are involved in the construction of commercial, industrial and apartment buildings, road construction and maintenance, specialist and environmental engineering, concrete works and housing development.
Operating segments |
2022 |
2021 |
2020 |
2019 |
2018 |
|---|---|---|---|---|---|
Buildings |
81% |
75% |
72% |
70% |
72% |
Infrastructure |
19% |
25% |
28% |
30% |
28% |
In the Buildings segment, the revenue of the commercial buildings subsegment remained essentially stable while the revenues of other subsegments grew year on year. The largest revenue contributors were the public buildings and the apartment buildings subsegments, which increased their revenue by 31% and 21%, respectively. The strongest revenue growth (57%) was delivered by the industrial and warehouse facilities subsegment, which accounted for 18% of the revenue of the Buildings segment.
The largest projects in the public buildings subsegment in 2022 were the construction of the Medical Campus of the Tartu University Hospital, the construction of the main building of the Estonian Internal Security Service in Tallinn, the design and construction of storage facilities and utility networks for the Centre for Defence Investment in Harju county and near Tartu and the design and renovation of the Ülenurme upper secondary school in Kambja rural municipality.
Major projects in the apartment buildings subsegment included the design and construction of the Tiskreoja and the Luccaranna housing estates on the western border of Tallinn. The volume of our own development operations grew as well. We continued developing apartment buildings in Tallinn and Tartu and started the design of the Seiler Quarter housing estate in Pärnu.
The largest projects of the commercial buildings subsegment were the commercial and residential complex Vektor in Tallinn, the LEED Gold compliant Alma Tomingas office building in Ülemiste City and an IKEA store in Rae rural municipality near Tallinn. The latter two have been completed and delivered to the customer on time.
The largest project in the industrial and warehouse facilities subsegment was the construction of a factory complex for E-Piim in Paide but there were also smaller projects such as the construction of a production building at Kurna tee in Harju county and the design and construction of an extension to the production building of Viljandi Aken ja Uks AS.
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Revenue breakdown in Buildings segment |
2022 |
2021 |
2020 |
2019 |
2018 |
|---|---|---|---|---|---|
Commercial buildings |
24% |
29% |
23% |
36% |
35% |
Public buildings |
30% |
28% |
37% |
29% |
25% |
Apartment buildings |
28% |
29% |
28% |
27% |
25% |
Industrial and warehouse facilities |
18% |
14% |
12% |
8% |
15% |
In the Infrastructure segment, the largest revenue contributor was road construction and maintenance although its revenue decreased year on year by roughly 28%. A major share of its revenue resulted from the performance of contracts secured in 2021, the largest of which were the construction of 2+2 passing lanes on the Kärevere–Kardla section of the Tallinn–Tartu–Võru–Luhamaa road and the design and construction of the outdoor premises of passenger terminal D in Old City Harbour in Tallinn. The group also completed the construction of the Väo junction and continued to deliver road maintenance services in Järva county.
The revenue contribution of other engineering, which generated most of its revenue from the construction of wind farms in Estonia, Latvia and Lithuania, grew year on year. A major share of the revenue of the specialist engineering subsegment resulted from the construction of Kalana marina and the expansion of Roomassaare harbour.
Revenue breakdown in the Infrastructure segment |
2022 |
2021 |
2020 |
2019 |
2018 |
|---|---|---|---|---|---|
Road construction and maintenance |
75% |
87% |
74% |
78% |
89% |
Other engineering |
20% |
6% |
18% |
21% |
7% |
Specialist engineering (including hydraulic engineering) |
5% |
4% |
4% |
1% |
0% |
Environmental engineering |
0% |
3% |
1% |
3% |
4% |
Foreign markets
Nordecon Group has subsidiary companies also in Ukraine, Finland, and Sweden. In 2022 we operated also in Latvia and Lithuania, where we were building two wind farms.
Due to Russia's military invasion of Ukraine, the business volumes of our Ukrainian subsidiary Eurocon Ukraine TOV have plummeted. It halted its operations during the first months of the war but in the second quarter resumed work on a previously started project in Kiev and is now also restoring an administrative building of the Kiev TV tower that was damaged in the war. At the end of 2022, we signed a contract for the construction of the concrete structures of a modular kindergarten, a bomb shelter and outdoor infrastructure in the city of Ovruch. The project is funded by the Republic of Estonia.
NOBE Rakennus OY continued to provide subcontracting services in the concrete work segment in Finland. In the past two years, it has also provided general contractor services under some smaller contracts.
Swencn AB completed the restructuring proceedings which began in 2021 and fulfilled its obligations under the restructuring plan in August 2022. Swencn AB did not have any ongoing construction projects at 31 December 2022 but is seeking new opportunities to continue its business in the Swedish market.
2022 |
2021 |
2020 |
2019 |
2018 |
|
|---|---|---|---|---|---|
Estonia |
96% |
94% |
82% |
89% |
93% |
Sweden |
0% |
0% |
11% |
5% |
2% |
Finland |
2% |
3% |
6% |
4% |
1% |
Ukraine |
0% |
2% |
1% |
2% |
4% |
Latvia |
1% |
1% |
0% |
0% |
0% |
Lithuania |
1% |
0% |
0% |
0% |
0% |
Sustainability
As an industry leader, Nordecon promotes major changes in the construction sector which would have a positive impact on society: construction quality, transparency, digitalisation and sustainability.
We invest in responsible construction site management with a particular focus on safety, efficient work arrangement, communication with stakeholders, reducing disturbance to the local community, sustainability and environmental awareness.
Nordecon's role and responsibilities in society involve:
- Making a positive contribution by creating jobs, paying taxes, buying goods and services, delivering capital growth for investors and supporting social initiatives
- Operating openly, honestly, ethically and transparently
- Building high-quality, safe and tastefully designed buildings and infrastructure assets that help create a complete public space
- Developing and maintaining good customer relations, collaborating with customers and business partners in an open and professional manner, and offering expertise and advice
- Seeking continuously more efficient operating and engineering solutions by tapping into innovation and improving technological capabilities and management competencies
- Building sustainably and constantly improving our capacity to carry out projects that meet customers' expectations regarding environmentally friendly buildings
- Creating a safe and motivating work environment that supports employee development, diversity, and fair and equitable treatment
- Promoting the engineering profession, alleviating the shortage of qualified and skilled labour, and strengthening the group's image as a well-managed employer that offers employees an opportunity to work on ambitious projects
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Sustainability
As an industry leader, Nordecon promotes major changes in the construction sector which would have a positive impact on society: construction quality, transparency, digitalisation and sustainability.
We invest in responsible construction site management with a particular focus on safety, efficient work arrangement, communication with stakeholders, reducing disturbance to the local community, sustainability and environmental awareness.
Nordecon's role and responsibilities in society involve:
- Making a positive contribution by creating jobs, paying taxes, buying goods and services, delivering capital growth for investors and supporting social initiatives
- Operating openly, honestly, ethically and transparently
- Building high-quality, safe and tastefully designed buildings and infrastructure assets that help create a complete public space
- Developing and maintaining good customer relations, collaborating with customers and business partners in an open and professional manner, and offering expertise and advice
- Seeking continuously more efficient operating and engineering solutions by tapping into innovation and improving technological capabilities and management competencies
- Building sustainably and constantly improving our capacity to carry out projects that meet customers' expectations regarding environmentally friendly buildings
- Creating a safe and motivating work environment that supports employee development, diversity, and fair and equitable treatment
- Promoting the engineering profession, alleviating the shortage of qualified and skilled labour, and strengthening the group's image as a well-managed employer that offers employees an opportunity to work on ambitious projects
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Quality
The main quality metrics of our work are properly managed projects and buildings and infrastructure assets which have been delivered on time and meet the required quality standards. Nordecon’s customer is satisfied when we deliver high construction quality, act transparently and communicate openly. Our work is underpinned by conscious, systematic and uncompromising quality management.
Most group entities request customer feedback when they have completed their work. At the parent, each completed project is assigned a quality coefficient, which influences the performance-related pay of the project team. The quality coefficient is based on compliance with safety rules, deadlines, technical requirements, effective defect resolution and customer feedback.
Nordecon has a quality management system that complies with ISO 9001, an environmental management system that complies with ISO 14001 and an occupational safety management system that complies with ISO 45001. Compliance with the standards has been certified by DNV.
Examples from 2022
- Despite a challenging year in the construction market, we maintained a high level of customer satisfaction that ranged from 87% to 94% at our entities.
- One of our focus areas is implementing a digital system for managing the defects detected during the warranty period. The system was adopted by the subsidiary Nordecon Betoon in 2022 and will be adopted by the group’s parent as well as the subsidiary Embach Ehitus in the near term
- We now instruct the entire staff of all subcontractors before the work begins (previously, only representatives were instructed) to ensure that everyone receives a direct and uniform overview of our internal rules and regulations, safety requirements, the environmental plan and the construction plan. To keep track and increase participation, a sticker is placed on the helmet of each worker that has received instruction.
- During the year, we carried out a pilot project on a construction site in which all workers registered their working time with personalised smart cards. It enabled us to provide the Tax and Customs Board with valuable input data for creating a country-wide IT solution that should improve transparency and help detect tax fraud on construction sites. When the solution is launched, we will integrate it into our internal digital systems to improve construction project management.
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The compliance of the management system designed and implemented by Nordecon with the requirements of quality management standard ISO 9001, environmental management standard ISO 14001 and occupational health and safety management standard ISO 45001 is verified by the certificates issued by DNV.
The Alma Tomingas office building is one of a kind in Europe, featuring talent inspiring work environments, charmingly dynamic architecture, complex engineering solutions, exciting space designs, the highest sustainability standards, and a unique tropical palm garden with a waterfall.
In view of the pandemic, the war and the surge in construction prices, it is remarkable that the lead designer PLUSS Architects and the builders Nordecon and NOBE succeeded in completing the Alma Tomingas office building both on time and within the agreed budget. This shows that there are builders in Estonia that you can trust and work with even during a crisis. Moreover, the Nordecon team helped create an as-built model that allows managing the building smartly and efficiently.
Ursel Velve
Chairman of the Management Board of Mainor Ülemiste AS
AS Tallinna Sadam began to develop the southern part of Tallinn Old City Harbour in 2016 in cooperation with Nordecon AS. The project included building new access points and waiting areas and reconstructing passenger terminal D, which was followed by the design and construction of the space around terminal D in 2022.
Nordecon AS has always been a reliable and innovative partner for AS Tallinna Sadam. The Nordecon team is highly professional and always ready to offer cutting edge solutions. They are an excellent partner to help us implement our vision to become the most innovative port on the Baltic Sea.
Peeter Nõgu
Head of Infrastructure Division of AS Tallinna Sadam
We were lucky to have Nordecon as the construction partner for our Estonian project. They were exemplary in every respect and did top-quality work with determination and dedication although the circumstances were not the easiest. Safety and quality always came first. The customer is completely satisfied with the outcome.
The management of the Estonian project was extraordinary. Nordecon was consistently ahead of schedule and all issues were instantly resolved. The key to the excellent result was good cooperation – both parties invested all efforts in the progress and delivery of the project.
Based on decades of experience in the construction business, I can say that the contractor’s professionalism and no-nonsense attitude made the project exceptional. I give Nordecon the highest possible referral for ‘excellent work’. They truly deserve it.
Kolbeinn Kolbeinsson
IKEA Baltic Project Manager
The Alma Tomingas office building is one of a kind in Europe, featuring talent inspiring work environments, charmingly dynamic architecture, complex engineering solutions, exciting space designs, the highest sustainability standards, and a unique tropical palm garden with a waterfall.
In view of the pandemic, the war and the surge in construction prices, it is remarkable that the lead designer PLUSS Architects and the builders Nordecon and NOBE succeeded in completing the Alma Tomingas office building both on time and within the agreed budget. This shows that there are builders in Estonia that you can trust and work with even during a crisis. Moreover, the Nordecon team helped create an as-built model that allows managing the building smartly and efficiently.
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Ursel Velve
Chairman of the Management Board of Mainor Ülemiste AS
AS Tallinna Sadam began to develop the southern part of Tallinn Old City Harbour in 2016 in cooperation with Nordecon AS. The project included building new access points and waiting areas and reconstructing passenger terminal D, which was followed by the design and construction of the space around terminal D in 2022.
Nordecon AS has always been a reliable and innovative partner for AS Tallinna Sadam. The Nordecon team is highly professional and always ready to offer cutting edge solutions. They are an excellent partner to help us implement our vision to become the most innovative port on the Baltic Sea.
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Peeter Nõgu
Head of Infrastructure Division of AS Tallinna Sadam
We were lucky to have Nordecon as the construction partner for our Estonian project. They were exemplary in every respect and did top-quality work with determination and dedication although the circumstances were not the easiest. Safety and quality always came first. The customer is completely satisfied with the outcome.
The management of the Estonian project was extraordinary. Nordecon was consistently ahead of schedule and all issues were instantly resolved. The key to the excellent result was good cooperation – both parties invested all efforts in the progress and delivery of the project.
Based on decades of experience in the construction business, I can say that the contractor’s professionalism and no-nonsense attitude made the project exceptional. I give Nordecon the highest possible referral for ‘excellent work’. They truly deserve it.
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Kolbeinn Kolbeinsson
IKEA Baltic Project Manager
Safety
Ensuring the security of our construction sites and creating a safe and ergonomic work environment so as to prevent accidents and occupational diseases is one of our priorities.
We provide our staff with regular training and information in these matters. Action plans are prepared for all construction sites, employees are supplied with appropriate work and personal protection equipment, and all safety incidents are analysed to prevent their recurrence. To ensure proper and safe work arrangement, we regularly inspect our construction sites. We support activities that contribute to employees’ mental and physical health.
The Labour Inspectorate did not issue any orders to stop work on the construction sites of the group’s parent in 2022. On three occasions work had to be briefly suspended in specific work segments due to the negligence of individual employees but the situations were quickly resolved.
2022 |
Subcontractors’ workforce |
2021 |
Subcontractors’ workforce |
|
|---|---|---|---|---|
Work-related safety incidents |
6 |
11 |
8 |
12 |
Minor accidents at work |
5 |
5 |
5 |
7 |
Serious accidents at work |
1 |
6 |
0 |
2 |
Fatal accidents at work |
0 |
0 |
0 |
0 |
Environmental impacts
We strive to avoid risks and negative environmental impacts, to keep the surrounding environment clean, and to disturb the community where we carry out our construction activities as little as possible. We notify communities of planned works in advance, communicate regularly with the local authorities, and organise meetings to engage the communities in order to prevent possible problems.
The most significant environmental aspects of our operations are related to the consumption of materials, generation of waste, possible pollution, impacts on wildlife and vegetation, and emissions to air. We prepare an environmental plan for each construction site and regularly check and update its implementation. We have started screening waste handlers to recycle more waste. An informed and environmentally sustainable approach also helps save costs.
There is a clear trend towards more sustainable buildings and facilities. This is mainly attributable to the EU energy efficiency measures as well as the growing importance of green thinking and customers’ desire to reduce their property maintenance costs. Our role is to make sure that our team can implement more sustainable solutions and advise customers that wish to find more sustainable options.
Examples from 2022
- Nordecon and NOBE completed the Alma Tomingas office building in Ülemiste City in Tallinn, which is a one-of-a-kind green building in Europe. The building holds the LEED Gold certificate for energy and environmental sustainability. The environmental impact of construction activities was reduced by using more sustainable materials and shorter supply chains. The building has a green roof, underground energy piles and an as-built BIM model, which allows reducing the environmental impact and managing the building more efficiently and with lower life-cycle costs.
- We signed an agreement with Eesti Energia to transition all group entities to the consumption of green electricity. This is the biggest step taken in the Estonian construction sector towards the achievement of the national climate objectives to date. The agreement covers all subsidiaries and construction sites until the end of 2030.
- The green transition has given a boost to large-scale wind energy projects. The group’s subsidiary NOBE has a team specialised in wind farm construction that has participated in building the Nysäter (Sweden), Targale (Latvia), and Ventspils (Lithuania) wind farms and is currently involved in the construction of the Saarde and Sopi-Tootsi wind farms in Estonia.
- Tallinn City Government named the construction site of the Roseni office building in Rotermann Quarter (Ahtri 4) in Tallinn, built by Nordecon, as the cleanest and most orderly construction site in 2022. Although the location made it difficult to maintain good order, the installation of safety signs, communication with the local community, storage of building materials, use of heavy equipment, and measures to control dust, dirt and noise were rated as exemplary.
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Giving back to society
Nordecon makes a direct social impact through well-planned, high-quality and safe buildings and facilities. The group is also committed to supporting progress in the field of construction and engineering and the development of young people.
We participate actively in the discussion of topics related to the construction industry at professional associations, universities and professional qualification authorities. Nordecon is working with Tallinn University of Technology to create better opportunities civil engineering students by supporting academic and research activities and offering internships and scholarships.
We make proposals for improving the procurement terms and conditions as well as the standards relevant to the construction industry, participate in collaboration projects, and communicate with various stakeholder groups. We promote engineering education to help young people find their way to construction-related professions and thus ensure the availability of future engineers.
Examples from 2022
- We made donations and support payments of €204,000 in 2022.
- Together with Eesti Energia, ABB, LHV, Metrosert and Fermi Energia we invested in the education programme Lae end (Charge Yourself), which is designed to recognise and develop middle school physics teachers and thus promote the engineering profession already in middle school. We provided financial support, helped acquire new teaching materials and equipment, and arranged training for teachers. The programme won the Estonian Marketing Association competition TULIMUST in the category of Positive Change.
- We are actively involved in the activities of the cross-sector collaboration platform Green Tiger where we participate in the working group drafting Estonia’s construction industry road map. The vision document for the construction sector until 2040, which includes proposals to the public and the private sector, designed to ensure the competitiveness of the construction industry, a high-quality living environment and the delivery of the green transition, will be completed in 2023.
- Through the Digital Construction Cluster, we contributed to the creation and work of a BIM working group to share the best practices and challenges in the use of BIM.
- We also supported education, culture, sports for young people, community initiatives and the victims of the war in Ukraine.
Digital construction
Digital construction, i.e. the use of various digitalisation solutions, is a natural part of Nordecon’s everyday operations. The purpose is to make work more efficient, transparent and systematic in order to improve the analysis of activities and make smarter decisions. Our ambition is to be a digital construction leader and advocate and to contribute to making the use of practical digital solutions a standard. Digital construction helps modernise the construction industry and makes its image more attractive to young people choosing a profession. We are an active member of the board of the Digital Construction Cluster to contribute to the development of digital construction in Estonia.
The group uses digital construction mainly in three aspects of its activities:
- Building Information Modelling (BIM), which allows creating 3D models of buildings and infrastructure assets, is used in the design phase of almost all projects to prevent errors in the construction phase, to provide the customer with a better overview, and to develop smarter end-solutions.
- All documents related to construction projects are created and signed digitally. Most projects have no documents signed on paper.
- Digitalisation of other phases of work (implementation of budgeting software, augmented reality solutions, etc.).
Examples from 2022
- We delivered to Tallinna Sadam the as-built model of the reconstruction of the outdoor space around passenger terminal D, which is the highest-standard BIM as-built model prepared in the Estonian infrastructure construction market to date. The Digital Construction Cluster named the project the Deed of the Year 2022.
- In 2022, the parent started managing all new projects in a new digital cloud-based time management environment. The new solution enables us to analyse data on a uniform basis and to use the resulting knowledge in planning future projects.
- The parent completed the development of a digital tool for financial data and invested in the development of a KPI dashboard for construction activities, which is going to provide a real time overview of the financial status and progress of construction projects.
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Digital construction
Digital construction, i.e. the use of various digitalisation solutions, is a natural part of Nordecon’s everyday operations. The purpose is to make work more efficient, transparent and systematic in order to improve the analysis of activities and make smarter decisions. Our ambition is to be a digital construction leader and advocate and to contribute to making the use of practical digital solutions a standard. Digital construction helps modernise the construction industry and makes its image more attractive to young people choosing a profession. We are an active member of the board of the Digital Construction Cluster to contribute to the development of digital construction in Estonia.
The group uses digital construction mainly in three aspects of its activities:
- Building Information Modelling (BIM), which allows creating 3D models of buildings and infrastructure assets, is used in the design phase of almost all projects to prevent errors in the construction phase, to provide the customer with a better overview, and to develop smarter end-solutions.
- All documents related to construction projects are created and signed digitally. Most projects have no documents signed on paper.
- Digitalisation of other phases of work (implementation of budgeting software, augmented reality solutions, etc.).
Examples from 2022
- We delivered to Tallinna Sadam the as-built model of the reconstruction of the outdoor space around passenger terminal D, which is the highest-standard BIM as-built model prepared in the Estonian infrastructure construction market to date. The Digital Construction Cluster named the project the Deed of the Year 2022.
- In 2022, the parent started managing all new projects in a new digital cloud-based time management environment. The new solution enables us to analyse data on a uniform basis and to use the resulting knowledge in planning future projects.
- The parent completed the development of a digital tool for financial data and invested in the development of a KPI dashboard for construction activities, which is going to provide a real time overview of the financial status and progress of construction projects.
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Our people
Competent and highly motivated people play a key role in Nordecon’s success. We provide our employees with a modern and professional work environment and support their personal development. The group undertakes large-scale and complex projects that offer our people new and inspiring challenges. We employ people of different ages, genders and ethnicities as well as people with special needs. We treat everyone equally.
Nordecon takes a strategic approach to employer reputation and invests in promoting the construction business and related professions. We pay particular attention to young people and annually organise events designed to attract and develop new talent. We retain our employees through engagement, internal recognition, arrangement of team activities, and open communication.
Examples from 2022
- The group employed 658 employees in 2022. Men accounted for 84% and women for 16% of the workforce. Their average length of employment with the group was 8.0 years. The group had 28 interns during the year.
- The average number of training hours per year was 8.5 for managers, engineers and technical personnel and 7.5 hours for workers.
- Nordecon is the first construction company in Estonia to be awarded the Silver Badge of a family-friendly employer. We have participated in the programme since 2020 to address issues related to employee wellbeing throughout the entire employee life cycle. Focus reas include recognising employees, supporting their professional development, promoting a healthy work-life balance, ensuring good organisational culture and encouraging communication.
- Nordecon was again among the top ten most attractive employers for engineering students according to the Most Attractive Employers survey conducted by Instar.
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Awards and public recognition
Attractive Employer of the Year 2022. Nordecon AS was among the TOP 10 most attractive employers for engineering students according to the employers’ reputation survey organised by Instar.
Silver Badge of a family-friendly employer. At the end of 2022 Nordecon AS became the first construction company in Estonia to be awarded the Silver Badge of a family-friendly employer.
Recognition by the Estonian Centre for Defence Investment (ECDI). Nordecon AS was acknowledged as Builder of the Year 2022 and Tariston AS was recognised as Innovation Partner of the Year 2022 by ECDI.
Construction company with the cleanest and most orderly construction site in the city of Tallinn in 2022. The construction site of the Roseni office building built by Nordecon AS in the Rotermann Quarter (Ahtri 4) was recognised by Tallinn City Government as the cleanest and most orderly construction site in 2022.
Deed of the Year 2022. The outdoor premises of passenger terminal D in Tallinn Old City Harbour, built by Nordecon AS, won the Deed of the Year 2022 competition organised by the Digital Construction Cluster. The project is notable in that it is the first infrastructure project where comprehensive Building Information Modelling (BIM) requirements have been used.
Best Construction Project of the Year 2022. Saaremaa Upper Secondary School and Väo junction, both built by Nordecon AS, were among the nominees for the Construction Project of the Year 2022, a competition organised by the Estonian Association of Architectural and Consulting Engineering Companies, in the categories of buildings and civil engineering works, respectively.
Innovation Project of the Year 2022. The Alma Tomingas office building, built by Nordecon AS and its subsidiary NOBE, was among the nominees for the Innovation Project of the Year 2022, a competition organised by the Digital Construction Cluster.
Builder of the Year 2022. Marek Soomlais, project manager at Nordecon AS, who was in charge of the construction of an IKEA concept store, was among the three finalists in the Builder of the Year competition organised by the Estonian Association of Construction Entrepreneurs.
Young Civil Engineer of the Year 2022. Richard Raudla, site manager for defence projects at Nordecon AS, was one of the two finalists in the Young Civil Engineer of the Year competition organised by the Estonian Association of Civil Engineers.
Positive Change. The education programme Lae end (Charge Yourself), founded and supported by stakeholders including Nordecon AS, was awarded the first prize in the category of Positive Change at the TULIMUST marketing competition organised by the Estonian Marketing Association.
Attractive Employer of the Year 2022. Nordecon AS was among the TOP 10 most attractive employers for engineering students according to the employers’ reputation survey organised by Instar.
Silver Badge of a family-friendly employer. At the end of 2022 Nordecon AS became the first construction company in Estonia to be awarded the Silver Badge of a family-friendly employer.
Recognition by the Estonian Centre for Defence Investment (ECDI). Nordecon AS was acknowledged as Builder of the Year 2022 and Tariston AS was recognised as Innovation Partner of the Year 2022 by ECDI.
Construction company with the cleanest and most orderly construction site in the city of Tallinn in 2022. The construction site of the Roseni office building built by Nordecon AS in the Rotermann Quarter (Ahtri 4) was recognised by Tallinn City Government as the cleanest and most orderly construction site in 2022.
Deed of the Year 2022. The outdoor premises of passenger terminal D in Tallinn Old City Harbour, built by Nordecon AS, won the Deed of the Year 2022 competition organised by the Digital Construction Cluster. The project is notable in that it is the first infrastructure project where comprehensive Building Information Modelling (BIM) requirements have been used.
Best Construction Project of the Year 2022. Saaremaa Upper Secondary School and Väo junction, both built by Nordecon AS, were among the nominees for the Construction Project of the Year 2022, a competition organised by the Estonian Association of Architectural and Consulting Engineering Companies, in the categories of buildings and civil engineering works, respectively.
Innovation Project of the Year 2022. The Alma Tomingas office building, built by Nordecon AS and its subsidiary NOBE, was among the nominees for the Innovation Project of the Year 2022, a competition organised by the Digital Construction Cluster.
Builder of the Year 2022. Marek Soomlais, project manager at Nordecon AS, who was in charge of the construction of an IKEA concept store, was among the three finalists in the Builder of the Year competition organised by the Estonian Association of Construction Entrepreneurs.
Young Civil Engineer of the Year 2022. Richard Raudla, site manager for defence projects at Nordecon AS, was one of the two finalists in the Young Civil Engineer of the Year competition organised by the Estonian Association of Civil Engineers.
Positive Change. The education programme Lae end (Charge Yourself), founded and supported by stakeholders including Nordecon AS, was awarded the first prize in the category of Positive Change at the TULIMUST marketing competition organised by the Estonian Marketing Association.
Videos
Väo junction
Construction of the Väo junction
Construction of the Jõhvi non-motorised traffic tunnel within 48 hours
Construction of the outdoor space around terminal D in Old City Harbour
Nordecon’s green transition
Kuuseheki housing estate
The Great Nordecon Band
Thermal engineering in practice
What’s the future of construction like?
