“Conresta” Has Grown Both in Turnover and in Client Trust
“Conresta”, one of the fastest growing companies in the Lithuanian construction sector, has doubled its revenue over the last few years. In 2017, the company’s turnover grew by as much as 66% compared to 2016, to 47.2 million euros, while in 2018 “Conresta” had revenues of 60 million euros. Currently, the company has a construction portfolio of 87 million euros.
According to Lukas Laukaitis, General Manager of Conresta, such volume of growth ensures quality processes and sustainable growth. The head of a company that pioneered innovative construction management (one of the first companies in Lithuania to operate to the highest international construction standards) says that the innovation that has already become “Conresta’s” business card will remain at the forefront of its business.
“Conresta”, which has been growing since its formation, has already earned the title of construction innovator. How would you describe the phase the company is at today?
Ten years of company growth confirm the need for modern construction management in the market. Since the beginning, we have been actively applying new construction management and optimization techniques, promoting modern company management and today we are among the leaders. But that doesn’t mean we rest on our laurels. The search for more efficiency and innovation is an integral part of the company.
As early as 2015, we’ve started implementing the innovative BIM technology for static information modeling. Its benefits were still under discussion in Lithuania, but we’ve made the right decision. Today almost every commercial project we encounter BIM and are fully prepared to work in the digital environment.
In addition, this technology is especially helpful when it comes to effectively managing low-quality projects. Modern advanced technology and management techniques help optimize costs, which allows us to offer the best price and quality possible. On the other hand, we feel that more and more customers are beginning to evaluate not only the price but also the reliability, experience and methodology of the contractor.
The general contracting market is complex, especially in the case of high-value projects, where competition is fierce, and the issue of rising costs is increasingly acute. What is the secret of not only surviving but also becoming one of the leaders in this market?
The decisive factor is the efficiency of the company’s operations, especially the precise management of processes on the construction site – we are planning the work quite carefully already, and we want to do it even in more detail. We pay particular attention to construction management so that we can continue to meet the budget and deadlines accurately. Precise planning, more efficient construction, more cost optimization and increased productivity help us innovate.
For example, in 2016, one of the company’s strategic goals was to increase worker productivity and specialize in monolithic reinforced concrete and metal construction work, while saying no to other jobs. This increased the productivity of the refined construct specializations, and the overall productivity of the staff increased significantly as well. At the same time, the employees are now making and earning more.
“Conresta” is often referred to as the company that promotes forward-looking change in the construction sector in Lithuania. What challenges do you see here?
High quality work is no longer a matter for debate, but there are many areas for improvement in the construction sector at all levels, both technological and managerial. Let’s take a construction site as an example: what do the people working on it look like, how do they communicate, and what is the exact order of work on the site? How is the communication with the client, subcontractors, suppliers going on? Are employees’ needs being attended to? We want to be an innovator that is changing the approach to the Lithuanian construction market fundamentally and we are really pushing for it.
