Summary
Machine-generated summaryOrkubú Vestfjarða ohf. is preparing a tender for the civil works of the Kvíslatunga Hydropower Project, a 9.9 MW plant in Selárdalur, Steingrímsfjörður, about 20 km from Hólmavík. Main estimated quantities include 370,000 m³ excavation, 380,000 m³ dam fill, 140,000 kg reinforcement steel, 1,550 m³ concrete, 340 m² precast concrete elements and installation of 3,000 m of pressure pipeline with diameters of 1000 to 1400 mm. Concrete material must be sourced off site. The hydropower licence is issued; the construction permit is expected in the first quarter of 2027. Tender documents are expected in mid-October 2026, with works in 2027 to 2029, and interested contractors are invited to a preliminary site visit.
Description
Official source
Source: TED - Tenders Electronic Daily (Publications Office of the EU)
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Last verified against TED - Tenders Electronic Daily (Publications Office of the EU) 4 days ago
The buyer
Full buyer profileOrkubú Vestfjarða ohf.
- notices in the register
- 10
This buyer has no award history in this sector yet. Usual winners, Construction work - Iceland
| Company | Wins | Total awarded | Last win |
|---|---|---|---|
| Ístak hf | 5 | €204.7M | Jun 2026 |
| Eykt ehf | 2 | €3.0B | Dec 2025 |
| Borgarverk ehf. | 2 | €16.6M | Mar 2026 |
| Garðar dúkari ehf.; Ólafur Jónsson; Jökull Þorleifsson ehf.; SG Dúkari ehf. | 1 | €583.8M | Jun 2026 |
| Aðallagnir ehf | 1 | €34.2M | Apr 2026 |
Based on 30 awards with a linked company profile over the last 2 years.
Market context
- open now in Construction work
- 20,297
- median open notice
- €501,189
Who wins in this market
Many suppliersIceland · Construction work
- different companies won awards here
- 24
- of the awards went to the three most frequent winners
- 30%
- buyers awarded contracts here
- 13
Based on 30 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners.
Competition
- of the tenders came from another country
- 2%
As the official award notices state them, over the last 3 years. Tenders per lot count open and restricted procedures only: in a negotiated procedure or a direct award a single tender is the procedure itself. The country is the one the notice gives for the winner.
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