About Ballast Nedam

Vision, mission and values

The basic principles for our strategy are established in our vision, mission and values. They direct and guide us and show who we are.

Vision

Our vision is to be the most competitive construction company in the Netherlands, ranking among the top three construction companies in the country.

Mission

Our mission is to engage our customers and partners in a direct and open dialogue that will enable us to jointly develop future-proof buildings and infrastructure: from dream to reality. We link this to our smart view of cost effectiveness, our technology, our global expertise, focusing on operational excellence. This is how we achieve ground-breaking solutions.

Our most important assets are our employees, who are experienced, skilled, and hands-on. We retain and motivate them by being an inspiring and dynamic employer with challenging projects, in which. they can demonstrate their expertise, passion for the profession, and entrepreneurship.

Values

Our customers first

Your question, your dream. We make the solution transparent, and then make it a reality. No effort is spared. With genuine involvement and interest in your area, we focus on creating a valuable relationship built on trust.

Safety

We are fully aware that safety is our ‘licence to operate’. We must be able to guarantee safety, it is the only way we can realise ground-breaking projects. This is why we are always fully aware of the risks that can be posed by our work.

Quality

When it comes to quality we don’t compromise. Our quality is reflected in our people, processes and materials. They are the ingredients that make up the quality we stand for in our signature projects.

   
Teamwork

We can only be successful by working in teams. These teams include clients, partners and colleagues. In this way, we jointly seek and achieve the best solution. We are very familiar with this approach, which enables us to create trust and respect. We inspire each other.

Passion for the profession

We are true professionals. We love our profession. That unites us, and gives us the energy to push boundaries. It generates the insight and creativity needed to consistently offer high quality, even under challenging and varying conditions.

 
Down to earth

We are always realistic. No matter how spectacular the project may be. That is who we are: hardworking and straightforward. It gives us the strength to deliver projects on schedule within budget.

 
We love a challenge

All projects involve different challenges. We also challenge ourselves in our drive for continuous improvement and innovation. This enables us to benefit as we face new challenges and take on new projects.

Risk management

Principles

Ballast Nedam’s risk management is based on the following three principles.

The aim of risk management is to keep the risks which the organization incurs through its activities in line with its risk appetite.
Risk management is an integral part of all business activities and runs through the entire project life cycle.
The Ballast Nedam Board of Management has ultimate responsibility for the way in which Ballast Nedam deals with risks. Ballast Nedam manages its operations within a structure comprising three divisions based on products and processes. The divisional directors apply the holding company’s risk management policy to the business units in their own division. The divisional directors oversee compliance with the policy within the specified limits.

Risk philosophy

The aim of Ballast Nedam’s risk management policy is to ensure that Ballast Nedam only takes responsible business risks and the probability of these risks materializing – and any consequences – must not jeopardize business continuity. For example, we have set a low risk appetite for the Safety, Compliance and Financial risk areas. Ballast Nedam considers the management of risks to be a core competence, which is firmly embedded in the various projects we implement. Both within individual projects and across all projects as a whole we apply methodologies that are commonly used in the Construction and Infrastructure sector. That also makes it possible to communicate on risk management with parties in the chain.

For more information about risk and risk management within Ballast Nedam, we refer to the Annual Report.