Forma 2

What Forma 2 does

Forma 2 is a Latvian construction engineering consultancy established in 2006 (with founders' origins traced to 1996 at Riga Technical University's Faculty of Civil Engineering) that delivers four core service lines — Construction Supervision (Būvuzraudzība), Project Management, Engineering Consulting, and BIM Management and Coordination — across the full project lifecycle from pre-design planning through commissioning and warranty management. Its technology foundation centers on BIM execution workflows, proprietary templates (EIR, BEP, PIP, BIP), Common Data Environment (CDE) implementation, a digital construction quality control system enabling remote information exchange, and in-house specialized capabilities including thermographic measurements, blower door tests, and energy audits/certifications.

The firm serves enterprise clients — including major real estate developers (Vastint, Lords LB, Linstow), industrial operators (Orkla Latvija), energy companies (Utilitas Wind, Eolus, Ignitis), retail chains (Lidl), healthcare facilities (Stradiņa slimnīca, multiple regional hospitals), and aviation (airbaltic) — alongside public sector and multilateral clients (Rail Baltica, Batumi Municipality, EBRD/SIDA-funded projects). Go-to-market is enterprise field sales with a sales-led approach, services delivered via competitive tendering, direct negotiation, and long-term repeat engagements; pricing is project-specific and quote-based rather than standardized. Operational delivery is anchored in Latvia (Riga/Mārupe) with an additional office in Batumi, Georgia, and project engagements spanning 12 countries.

Forma 2 is privately held by its three co-founders (Jānis Zolbergs, Māris Tidriķis, Edgars Krasņikovs) with no external investment or parent company. The firm is ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified. Headcount has grown from 17 in 2017 to 38 in 2025, while annual revenue scaled from €540,670 to €3,368,418 over the same period. The company has completed 51 projects representing €895 million in supervised construction costs across 1,814,990 m² of built area, establishing a track record with anchor enterprise and government clients.

Name

Forma 2

Legal name

"Forma 2" LTD

Website

https://forma2.lv

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Forma 2 is a Latvian construction engineering consultancy providing project management, construction supervision, engineering consulting, and BIM coordination services to enterprise developers, public sector clients, and energy operators across 12 countries.

Ownership category

akta.pro rank

Product category

Construction Engineering Consulting

NAICS

Architectural, Engineering, and Related Services (5413)

SIC

Services-Engineering Services (8711), Services-Management Consulting Services (8742)

akta.pro primary industry

Construction Engineering & Constructability Consulting (BPAHAIAN)

akta.pro secondary industry

Construction Program Management (Multi-site/Portfolio) (IMAFAAAF)

Keywords

• Construction supervision
• Engineering consulting
• BIM coordination
• Construction project management
• Building quality control

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Engineering Consulting Services: Professional services fees charged for engineering consulting engagements including project evaluation, design review, technical due diligence, energy audits, thermographic measurements, and building certification services.
2. Construction Supervision Services: Fees for mandatory and advisory construction supervision services, covering quality control, project compliance, technology and quality control, and test/measurement services throughout the construction phase.
3. Project Management Services: Full lifecycle project management fees covering pre-design planning through commissioning and warranty monitoring, representing client interests throughout the construction process.
4. BIM Management and Coordination Services: Fees for BIM management, coordination, requirements development, quality control, and CDE implementation services across all project stages.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Forma 2 provides full-lifecycle construction engineering consulting services including construction supervision (Būvuzraudzība), project management, engineering consulting (Inženierkonsultācijas), and BIM management and coordination. The company serves construction project owners, developers, and public institutions across Latvia, with international project experience in markets such as Georgia.

Product overview

Forma 2 is a construction engineering consultancy offering four core professional services: Construction Supervision (Būvuzraudzība), Project Management (Projektu vadība), Engineering Consulting (Inženierkonsultācijas), and BIM Management and Coordination (BIM vadība un koordinēšana). The company provides these services across the entire construction lifecycle, from initial planning and design through construction, commissioning, and warranty management. Forma 2 does not offer a unified software platform but rather professional consulting services delivered by engineering specialists.

Differentiator

Problem solved

Functional benefit

Products and services

• Construction Supervision (Būvuzraudzība) On-site construction supervision services to ensure projects comply with design documentation, building codes, quality standards, and contract specifications, provided to project owners, developers, and public sector clients.
• Project Management (Projektu vadība) Construction project management services spanning planning, scheduling, coordination of contractors, and oversight of deliverables from pre-design through warranty period for construction project owners and developers.
• Engineering Consulting (Inženierkonsultācijas) Professional engineering consulting services covering technical advisory, design review, and engineering expertise for construction projects, offered to developers, public institutions, and construction firms.
• BIM Management and Coordination Building Information Modeling management, coordination, and Common Data Environment (CDE) operations for construction and infrastructure projects, including preparation of BIM templates (EIR, BEP, PIP, BIP) and digital construction quality control.

Quantifiable outcome

• 51 completed projects with 1,814,990 m² total area supervised
• +6 more outcomes

Named customers20 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

40 partnerships are on record, tiered notable, core and minor.

• Saules EnergynotableStrategic or Co-development PartnerRenewable energy company partnered with Forma 2 for engineering consulting on solar or energy projects. Partner logo featured on the company's collaboration partners page.
• airbalticnotableStrategic or Co-development PartnerNational airline of Latvia partnered with Forma 2 for construction engineering services on aviation-related or other infrastructure projects.
• Vastint LatviacoreStrategic or Co-development PartnerMajor real estate developer and part of the international Vastint Group. Forma 2 has delivered multiple projects including Business Garden Riga (70,000 m², LEED Platinum, 2017–2019), demonstrating an established working relationship.
• Lidl LatvijacoreStrategic or Co-development PartnerInternational retail chain operating in Latvia, partnered with Forma 2 for retail construction engineering and supervision services.
• Linstow BalticcoreStrategic or Co-development PartnerReal estate investment company managing shopping centers. Partnered with Forma 2 on TC Alfa expansion (55,547 m², 2016–2019) and other retail developments.
• Lords LB Asset ManagementcoreStrategic or Co-development PartnerReal estate investment management firm. Forma 2 provided construction supervision for the Preses Nama Quarter reconstruction, a major mixed-use development in Riga exceeding €120 million Phase 1 investment.
• SwedbanknotableStrategic or Co-development PartnerMajor Nordic-Baltic financial institution. Swedbank serves as Forma 2's banking partner (account LV43HABA0551015375198) and may also be a client for facility or construction projects.
• CBRE LatvijanotableStrategic or Co-development PartnerGlobal commercial real estate services firm operating in Latvia. Partner logo on Forma 2's page indicates a working relationship in the real estate/construction sector.
• IgnitisnotableStrategic or Co-development PartnerBaltic energy group. Partner logo on Forma 2's page suggests collaboration on energy infrastructure or renewable energy projects.
• ConsulectraminorStrategic or Co-development PartnerInternational consulting firm. Partner logo on Forma 2's collaboration partners page, suggesting cross-border consulting or engineering collaboration.
• ElomaticminorStrategic or Co-development PartnerInternational engineering and consulting company. Partner logo on Forma 2's page indicates potential engineering collaboration or referral relationship.
• EolusnotableStrategic or Co-development PartnerSwedish renewable energy company specializing in wind power. Partner logo on Forma 2's page indicates collaboration on wind energy projects.
• Decon InternationalminorStrategic or Co-development PartnerInternational engineering company. Partner logo on Forma 2's collaboration partners page indicates cross-border engineering collaboration.
• Patria GroupminorStrategic or Co-development PartnerFinnish defense and security solutions company. Partner logo appears on Forma 2's page for reasons not explicitly detailed.
• Utilitas WindcoreStrategic or Co-development PartnerEnergy group developing wind farms in the Baltic region. Forma 2 provided full engineering consulting and construction supervision for the Tārgale Wind Park (58.8 MW, completed 2022), representing a key completed collaboration.
• Latvijas Universitāte (LU)notableStrategic or Co-development PartnerUniversity of Latvia. Partner logo suggests academic collaboration, knowledge sharing, or student/graduate recruitment relationship.
• Rīgas Tehniskā universitāte (RTU)notableStrategic or Co-development PartnerRiga Technical University. As the alma mater of the three founders and a leading technical university, RTU represents an important academic and recruitment partnership.
• NordeconcoreStrategic or Co-development PartnerEstonian construction group. Contractor on the Tārgale Wind Park project where Forma 2 served as engineering consultant and supervisor.
• UPBcoreStrategic or Co-development PartnerLatvian construction company. Contractor on the Preses Nama Quarter reconstruction project where Forma 2 provided construction supervision.
• SKONTO BŪVEcoreStrategic or Co-development PartnerMajor Latvian construction company. Contractor on the Business Garden Riga project where Forma 2 provided construction supervision.
• EDZLminorChannel Partner/ Reseller/ DistributorEnergy distribution company. Partner logo on Forma 2's collaboration partners page.
• BitfuryminorStrategic or Co-development PartnerTechnology company. Partner logo on Forma 2's collaboration partners page.
• Stiga RMminorStrategic or Co-development PartnerLatvian trading company. Partner logo on Forma 2's collaboration partners page.
• Latvijas FinierisminorStrategic or Co-development PartnerLatvian wood industry group. Partner logo on Forma 2's collaboration partners page.
• KrasskyminorStrategic or Co-development PartnerReal estate development company. Partner logo on Forma 2's collaboration partners page.
• LindstromminorStrategic or Co-development PartnerIndustrial textile services company. Partner logo on Forma 2's collaboration partners page.
• RundaleminorStrategic or Co-development PartnerRundale Palace Museum. Partner logo on Forma 2's collaboration partners page.
• NordominorStrategic or Co-development PartnerReal estate development company. Partner logo on Forma 2's collaboration partners page.
• ESELOminorStrategic or Co-development PartnerLatvian IT/security company. Partner logo on Forma 2's collaboration partners page.
• TUV (Latvija)minorStrategic or Co-development PartnerTesting, inspection, and certification company. Partner logo on Forma 2's collaboration partners page.
• VNI (Valsts nekustamie īpašumi)notableStrategic or Co-development PartnerState Real Estate Company of Latvia. Government property management entity, likely a client for public sector construction projects.
• CirksminorStrategic or Co-development PartnerLatvian entertainment venue operator. Partner logo on Forma 2's collaboration partners page.
• BrabantiaminorStrategic or Co-development PartnerInternational consumer goods company. Partner logo on Forma 2's collaboration partners page.
• AST (Augstās tehnoloģiju parks)minorStrategic or Co-development PartnerHigh Technology Park of Latvia. Science/technology park representing a potential knowledge sharing or innovation partnership.
• SAM (S炮a Adultu mācību centrs)minorStrategic or Co-development PartnerAdult education center. Partner logo on Forma 2's collaboration partners page.
• Jūrmalas slimnīcaminorStrategic or Co-development PartnerJūrmala municipal hospital. Healthcare facility engineering consulting client, partner logo on Forma 2's page.
• Dobeles slimnīcaminorStrategic or Co-development PartnerDobele municipal hospital. Healthcare facility engineering consulting client, partner logo on Forma 2's page.
• JP slimnīcaminorStrategic or Co-development PartnerJP Clinic hospital. Healthcare facility engineering consulting client, partner logo on Forma 2's page.
• Stradiņa slimnīcanotableStrategic or Co-development PartnerStradiņš Clinical University Hospital – one of Latvia's largest hospitals. Major healthcare infrastructure client for engineering consulting.
• Ars MedminorStrategic or Co-development PartnerMedical clinic. Healthcare facility engineering consulting client, partner logo on Forma 2's page.

Scale indicators7 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Etteplan: Nordic engineering services firm offering consulting, design, and embedded engineering solutions across industrial and construction sectors. Comparable in scale and service mix to Forma 2, particularly in building services and engineering consulting.
• Hill International: Global construction project management and owner's representative firm operating on complex infrastructure and building projects. Directly comparable to Forma 2 on full-lifecycle construction supervision and FIDIC project management roles.
• Turner & Townsend: Independent professional services firm specialising in programme management, project management, and cost consultancy across real estate and infrastructure. Comparable to Forma 2 on owner's representative mandates and construction cost oversight.

Broad incumbents

• AFRY (formerly ÅF / Pöyry): Nordic engineering, design, and consulting firm with significant building and infrastructure practices in the Nordics and Baltics. Comparable to Forma 2 on owner's engineering, construction supervision, and BIM-enabled project delivery.
• Ramboll: Nordic-headquartered global engineering, design, and consulting firm with deep BIM, project management, and owner's engineering practices across Northern Europe and the Baltics. Directly comparable to Forma 2 in core services but vastly larger in scale and geographic reach.
• WSP: Global engineering professional services consultancy with strong presence in Northern Europe. Comparable in offering engineering consulting, BIM coordination, and owner's engineering across building and infrastructure sectors.
• AECOM: Global infrastructure consulting firm with extensive owner's engineering, program management, and BIM practices. Comparable to Forma 2 in service offering but operates at vastly greater scale across the EMEA region.
• Arcadis: Global design, engineering, and management consulting firm active across European building and infrastructure markets. Comparable to Forma 2 on construction supervision, BIM, and owner's engineering mandates, particularly on commercial and institutional projects.
• Sweco: Leading Nordic engineering and design consultancy with active presence in the Baltic states and Northern Europe. Comparable in offering engineering consulting, project management, and BIM coordination services for building and infrastructure projects.
• COWI: Danish engineering consultancy operating globally with strong owner's engineering, construction supervision, and BIM practices. Comparable to Forma 2 on construction supervision and FIDIC engineering roles, particularly on large infrastructure projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/forma2
• Facebookfacebook.com/forma2.lv
• LinkedInlinkedin.com/company/forma-2

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Forma 2