Archetech Issue 21 2015 | Page 14

Until CRL’s ten-year structural defects insurance products were recommended to Nordic Construction UK, the national developer and contractor had been paying over-the-odds for the same level policies that were attached to household name providers. Nordic Construction UK has been using accommodation, residential, healthcare structural defects policies would not let CRL’s structural defects insurance cover and commercial sectors, with plans to them down. on all its major national projects for the grow in the education sector. last two years. When its newly appointed project manager was asked who he’d Nordic’s challenge previously used for insurance provision, Nordic, a new company starting out in he was quick to commend the products, 2009, had ambitious growth plans. At service and cost of CRL’s compared to the a time when the property industry was obvious high street providers. suffering considerably, Nordic knew it About Nordic Construction UK was essential to scrutinise all outgoing Archetech - Page 14 costs and keep up its values of high Guilford-based Nordic Construction UK, standards. Its insurance policies had to established at the start of the UK economic be comprehensive and exact, and quickly recession in 2009, has continued to grow, underwritten to prove Nordic’s security. achieving more than a seven-fold increase in turnover over the last few years, with a Nordic had to demonstrate unequivocally total project value of £44million to date. that it was a trustworthy and cost-effective Its major projects include multi-storey contractor, delivering its clients’ schemes residential and mixed-use developments on time and within budget. Therefore, across the UK, for clients in the student it had to be certain that its ten-year Mohammed Afzal, commercial manager, Nordic Construction, said: “Our sector is competitive and overrun with rogue contractors so it is vital for our fairly young company to sustain the highest construction standards, to assure clients of the long-term quality of the buildings.” In 2013, the developer won a significant £16million construction project to build a 339-bed mixed use student facility at Hope Street, Liverpool for which a reliable and competitive insurance provider was crucial.