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24. June 2004

Iceland Prime Contractor celebrates 50th anniversary

On Thursday 24 June 2004, Iceland Prime Contractor celebrated the fiftieth anniversary of company operations.  The company was originally founded at the behest of the Icelandic government. Its initial role was to fulfil Iceland’s contractual obligations to the United States concerning construction related to the US military presence at the Naval Air Station in Keflavík.

At that time, the knowledge and equipment required to carry out such projects at the Naval Air Station hardly existed in this country, except for the equipment and expertise possessed by the Americans and their contractors.  IPC’s assumption of the US military’s contracting tasks proved a fertile training ground for Icelanders engaged in construction. The company imported various equipment and machinery that had never before been used by Icelandic contractors, and the construction work carried out all over the country quickly showed the signs of this innovation.  In addition, IPC provided construction workers with a broad-based education by sending them on study trips to the United States and by engaging in specialized projects, contributing in this way to the long-term development of technical skills in Iceland.

In 1997 Iceland Prime Contractor became a publicly owned corporation. In the wake of the privatisation of the company, many changes have taken place in IPC’s operations and administration.  The company’s goal is to provide comprehensive services in the field of construction, and it aims at generating an increasing proportion of its business through its own projects and innovation.  In keeping with this policy, the company acquired 100% of the shares in two established construction-contracting firms — Ármannsfell and Álftárós — in 1999.  In May 2003, the Icelandic government’s involvement in the IPC’s contracting business formally ended when company employees and management purchased the government’s ownership share, thereby acquiring all of the stock in the company.

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Construction in Keflavík is in full swing
24. June 2021

Construction in Keflavík is in full swing

The design phase in Keflavik which began in the middle of September 2020 has now been completed. The permission to commence is expected within the next few weeks. ÍAV received early permission to carry out the earthworks of the apron to ensure that the concrete paving could commence as early in the summer as possible. ÍAV has dug and removed 120.000 cubic metres of soil and rock and imported 100.000 cubic metres of crushed aggregates since March 9th, 2021.

Sky Lagoon handed over
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Sky Lagoon handed over

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Móavegur 2-12, Progress Report
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Móavegur 2-12, Progress Report

Since contract signing on Feb 16, 2018, a continuous progress is claimed by ÍAV and sub trades on Móavegur 2-12 project site in Reykjavík. The project is to deliver in a turn-key manner a 155-apartment affordable rental-housing complex entailing six 3-4 storey buildings with a shared underground carpark, with anticipated project completion in June of 2020. The Client Bjarg is a non-profit organization formed by two of Iceland’s largest confederations of labour, ASÍ and BSRB.

Project status on Burfell Power Plant expansion.
14. June 2018

Project status on Burfell Power Plant expansion.

Now about 85% of all construction has been completed on the Burfell power plant expansion. All water chanels have been concluded. The entrance chanel was completed late April and the sewerage chanel was completed in beginning of May.

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