NORDECON AS: Public Procurement
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NORDECON AS has over the course of time secured various public contracts, on average 16,9 times a year, with the first one won 12 years ago in 2008. The company has received 203 slices of the state pie, in return having completed works or provided services for the common good to the value of 564 933 655 euros. This adds up to the annual turnover of a fairly successful company.
The year 2011 was record-breaking for this company, winning the largest procurement - "Maantee E263 Aruvalla-Kose teelõigu projekteerimine ja ehitus" - to date with the total value at 45 151 569 euros. But the company did not rest on its laurels, they kept putting in the effort and the turnover for 2011 eclipsed all earlier years.
Typically, one public contract makes up a staggering 1/2 of NORDECON AS's turnover! That is a substantial proportion and the loss of income from public procurements would probably deliver a death blow to the company's turnover.
This makes it plain to see why the company is so active in tendering. – in all NORDECON AS has bid in public procurements 329 times to secure winning contracts. Considering the bureaucracy involved in public procurements, it must take up considerable time at the expense of other money-making ventures.
The company is a solid business partner to the state that, on average, pays taxes to the State Treasury amounting to 19,3% of the sum received in sales turnover from its public contracts. Like a top-of-the-class student, this company has never in its history failed on its tax and reporting obligations. Neither has it swindled its business partners.