From Peab’s perspective collaboration throughout the entire project is essential to our approach to our customers, particularly in the early stages. We see a growing degree of planning contracts, so-called phase 1 contracts, in business areas Construction and Civil Engineering. The planning contracts entail that Peab, together with the customer, maps out an optimized product with the right quality as well as handles risks and uncertainties. The intention is that under the planning contract period a final construction contract will be signed. At the end of 2024 the potential value of the final construction contracts stemming from planning contracts was around SEK 13 billion over the next two years.

From housing to park maintenance

The character of our work varies greatly. Peab is a complete community builder that offers its customers comprehensive solutions, or partial solutions if they prefer. We build everything from housing in various ownership forms and public buildings to maintaining parks and delivering concrete and other input goods to our customers. Our construction contract work during 2024 included construction of hospitals and nursing homes, schools, prisons and swimming pool facilities, different kinds of infrastructure projects, operation contracts for road maintenance and groundwork for both new housing tracts and treatment plants. The year 2024 was characterized by the many prison construction projects and other security classed building commissions we received. This is obviously a segment that is growing in the countries where we operate due to security threats and criminality. During the year we received a number of major commissions such as developing the New Bodø Airport and building roads and a railroad in Boden as well as a new dock in Skellefteå to support the industrial transition in Norrland. In western Sweden we are building part of the West Link’s stage Haga-Rosenlund in Gothenburg, Gothenburg’s new station building as well as a new swimming pool block in Partille Municipality. Regarding road maintenance we received five operation contracts from the Swedish Transport Administration for a total of over 6,000 km federal roads. Other commissions include building homes in a number of projects in Helsinki, a water and wastewater project in Norwegian Bærum and in Nittedal building a completely new sewage pipeline and upgrading the mainline as part of an ongoing infrastructure project in the region.

Local roots close to customers

It is imperative for a long-​term, sustainable relationship that Peab delivers on its obligations to customers. A satisfied customer is a customer that comes back. When we, for example, build homes, schools, hospitals, roads and other infrastructure we do it based on the needs of the local community. A prerequisite for this is our expert and engaged employees, along with good channels to a local supply of input goods, employees and local subcontractors.

Customers are making higher and higher demands on the projects they order. They want the process from planning to production to become more digitalized and that the construction project is permeated by focus on the climate and environment. The latter entails everything from demands for climate calculations and certifications to practical requirements for reduced emissions and material choices. Above all we see a greater emphasis on how we work to achieve project and sustainability targets and often success requires close collaboration with our customer at an early stage. This is also what guarantees satisfied customers.

Naturally our engaged employees are key as is well-defined processes. For instance, we have a function in business area Construction that is responsible for partnering and collaboration. Its purpose is to sell in Peab’s expertise right from the start of a project and create the prerequisites for structured partnership forms where the general contractor, consultants, subcontractors and other key actors ensure the project’s success together. Collaboration is often the catalyst to new solutions and innovation in construction and civil engineering operations and promote climate and environmental work.

Before we begin working with a customer we do meticulous studies and investigations into all their requirements and our ability to meet them both in material and staffing as well as process all the relevant sustainable aspects. We have a Procurement Council that is tasked with producing a correct offer that has been thoroughly vetted, which reduces the level of risk for Peab and our customer.