VMS d.o.o. Beograd

COMPANY PROFILE

VMS D.O.O. BEOGRAD - CONSULTING ENGINEERS

APRIL 2018

© VMS d.o.o. Beograd 2017

VMS d.o.o. Beograd Kajmakcalanska 61

11 050 Belgrade, Serbia

Tel/Fax: +381 11 3086434

Tel/Fax: +381 11 2424366

Cell: +381 63 252022

E-mail: nma@vms.rs

Internet: www.vms.rs

COMPANY BACKGROUND

Prepared by: N.Matic

M.Matic

Updated on: 12th

April 2018

Approved by: S.Matic

VMS d.o.o. Belgrade

We work with Clients to develop, implement and

evaluate projects, programmes and change

initiatives to improve performance and reduce

risk.

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Table of Contents

1 Company background and description.............................. 3

2 Company Size ................................................................. 4

3 Service areas .................................................................. 5

4 Business CONCEPT .......................................................... 7

4.1 Business Intimacy with the Client ..............................................................7

4.2 Independence .........................................................................................7

4.3 Impartiality .............................................................................................7

4.4 Clients and market...................................................................................7

4.5 Organisation and employees.....................................................................8

4.6 Professionalism .......................................................................................8

4.7 Quality policy ..........................................................................................8

4.8 Quality principles.....................................................................................8

5 Facts ............................................................................ 10

5.1 Consultancy should add value .................................................................10

5.2 Home market ........................................................................................10

5.3 International market ..............................................................................10

5.4 VMS's core competences........................................................................10

5.5 VMS's Management ...............................................................................10

5.6 Head Office in Belgrade ..........................................................................11

5.7 VMS's history ........................................................................................11

5.8 Building up talent ..................................................................................11

5.9 History .................................................................................................11

6 VISION ....................................................................... 12

7 MISSION .................................................................... 13

8 STRATEGY ................................................................ 14

8.1 Business Intimacy with the Clients ......................................................14

8.2 Carrying out.........................................................................................14

8.3 Efficiency.............................................................................................14

8.4 Skilled staff..........................................................................................15

8.5 Process ...............................................................................................15

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1 Company background and brief description

VMS d.o.o. is a consultancy organisation and retains its Serbian roots with its head office in Belgrade,

Serbia. Optimal conditions will be maintained to ensure that we

continue as one of the local leaders in the field of consulting

engineers. The company specializes in a range of construction fields

including design, supervision and technical support during

construction. Our further development will be based on increased

collaboration with Clients concerning marketing and engineering

skills, as well as development of new solution based on Internet of

Things and Digitalization.

VMS has maintained its recognizable style with its dynamical staff. Experts who created the name of

VMS are still active and represent the necessary link with the new engineer generation.

VMS took part in almost every structure’s reconstruction project in the home country in recent years.

Experts from VMS have been upgrading their experience by working abroad and in association with

highly reputable international consulting companies.

The company specializes in a wide range of construction activities including engineering, design,

supervision, and technical support during construction. During the

last 25 years we have established a reputation for providing high-

quality service to our clients and innovative solutions to meet their

needs.

Over the last 17 years VMS has been engaged in Transport and

Infrastructural Projects supplying local market with services related

to design, supervision and consulting. Most of the activities are

referring to the bridges, tunnels and underground structures,

retaining walls, as well as other kind of complex civil structures.

Company is experienced in assisting Clients in the identification, preparation and promotion of

projects under the terms of the various IFI and has direct experience of working to their procedures.

With an increasing emphasis on Quality Assurance, VMS operates a self-developed Quality

Management System under recommendations by PMI and FIDIC.

VMS is cofounder of the national consulting engineers association – ACES (please visit: www.aces.rs)

as a branch of FIDIC for the territory of the Republic Serbia, presently holding Vice-Presidency position

in the Board of Directors. VMS CEO, Nikola Matic is member of Board of Directors in EFCA,

organization representing FIDIC in Europe. VMS is dedicated also to promotion of mediation and other

alternative dispute resolution methods in civil engineering field. VMS CEO, Nikola Matic is involved as

adjudicator in regional infrastructure projects based on FIDIC.

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2 Company Size

VMS Consulting Engineers started with five employees, while number of Company’s permanent

employees today is 25, out of which 20 are civil and structural engineers among them. In addition we

have established an extensive network of exclusive experts covering different fields of specializations

and working on a part time basis. Additionally the Company can also draw on a pool of specific

expertise through its close co-operation with Belgrade University and specialized Institute for

materials and testing in civil engineering.

Our strength in our capacity to successfully deliver projects lies in the tailor-made associations we

form, where each partner enhances our capabilities and brings their unique expertise, experience and

knowledge to the benefit of the project. All firms in our association must have well-established track

records.

The association combines the best in international and local knowledge, expertise and experience,

which will ensure highly professional delivery of the full spectrum of services that will be required for

the Projects.

In accordance with our Digitalization strategy we are using for several years BIM software as design

tool. We have continued our Digital transformation by opening IoT department that is focusing on

Structural Health Monitoring, Construction Site Monitoring, Preventive Maintenance as well as Health

& Safety risk assessment.

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3 SERVICE AREAS

In the beginning the Company concentrated on designing and technical overview and verification of

the designs. A large number of designs were done both in ex-Yugoslavia and abroad, from small

projects such as family houses up to big projects such as buildings of more than 100 000 sqm, high-rise

buildings with height of 300+ m, sport facilities and industrial

halls with a span of more than 50m and a number of special

projects such as reconstruction of the severely damaged

bridges. At the same time our engineers performed a number

of supervisions and site inspections verifying that the works

are carried out by the rulebook and in accordance with the

approved drawings.

Over the last few years VMS has been involved in several projects providing project management

services, including supervision of the works, cost and contract management and risk assessment.

Clients benefit from our wide-reaching skills base matched by a strong commitment from the

company’s senior management to provide quality services and sustainable solutions.

Our specific capabilities include:

� Contract administration

� Construction supervision

� Quantity surveying and Bill of Quantity preparation and control

� Design and tender documents preparation and control

� Network screening and economic appraisal

� Planning, route location, feasibility, and conceptual design studies

� Environmental and social management

� Appropriate technology for diverse climates and geotechnical conditions

� Acting as technical advisors to contracting authorities during project implementation

� Maintenance management

� Safety studies, audits, and remedial engineering

� Knowledge of FIDIC conditions of contract

� Procedures in mediation and arbitration in accordance with the UNCITRAL or DAB Arbitration

rules

� Quality Control, measurement, evaluation

� Advice on any claim situation, potential delays and means of resolution

� Implementation Internet of Things solutions - sensors for Structural Health Monitoring and

Construction Site Monitoring

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Apart from the activities related to the technical support during the construction, VMS is specialized in

engineering as well. A large number of building reconstructions and

rehabilitation were executed over the past years.

VMS provides a comprehensive service in the procurement of

construction contracts. We are experienced in the procurement

procedures of the international donor agencies and the associated

use of standard bidding documents based on:

• FIDIC Conditions of Contract, 4th Edition, 1987, reprinted 1992 (Red Book)

• FIDIC Conditions of Contract 1999 – for Construction (New Red Book)

• FIDIC Conditions of Contract 1999 – Plant & Design-Build (Yellow Book)

• Multi Lateral Development Bank (MDB) Harmonized Conditions of Contract (developed under

License to FIDIC and based on FIDIC 1999 format)

The company has wide ranging experience of international Codes of Practice and Technical Standards

including DIN, SIA, British, American, European, and former Yugoslav (JUS) standards (updated and

now called SRPS).

We provide the Team Leaders or required supporting staff on full time international assignment to

manage projects in country and provide the first point of contact with Clients. These are supported by

full time and/or visiting specialists, local specialists and support staff, and head office backstopping

staff as required. All members of the project team are selected based on their qualifications and

appropriate regional and technical experience.

Over the last couple of years VMS have been using BIM (Building Information Modelling) in our design

process, that enables us to be more efficient, lower the risk and collaborate better.

We have also started with our partners in development & implementation of Internet of Things

solutions in construction sector - Structural Health Monitoring - related to high buildings, bridges and

tunnels. We are also creating solutions for Construction Site Monitoring as well as Construction

Equipment Fleet Management.

Having in mind that Operation & Maintenance cost and aged infrastructure are becoming important

topic we are also focused on preventive maintenance using latest optical sensors technologies.

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4 BUSINESS CONCEPT

4.1 Business Intimacy with the Client

VMS is set as consultancy organization. It will retain its Serbian roots and have its head office in Belgrade, Serbia.

Optimal conditions will be maintained to ensure that we continue as one of the local leaders in the field of

consulting engineers, maintaining our leading position with clients in Serbia and the region. VMS is a private

Company founded in 1992. The company specializes in a range of construction fields including design,

supervision and technical support during construction. Our further development will be based on increased

collaboration concerning marketing and engineering skills.

4.2 Independence

VMS operates on sound commercial principles and will retain genuine financial independence.

This financial independence is upheld on the basis of own capital resources, and outside investors provided the

latter do not affect the dominant position of the VMS Foundation. This ensures our non-dependence on any

bank or other source. VMS will also remain independent of any political party policies and, where possible, avoid

dependence on trade organisation politics.

4.3 Impartiality

Our consultancy will always be impartial.

Where technological or business-related developments require us to be involved in deliveries or with developers

or act in the role of client, such factors shall not affect our impartiality.

4.4 Clients and market

Consultancy requirements of our clients will be met with complete professionalism. In our choice of professional

fields, markets and clients, we shall bear in mind those factors which are important to VMS's continued

development.

The assignments taken on should consist of what is considered best in providing the right basis for commercial

stability, professional advancement and sound economy.

The company and its employees must be seen to have an awareness of social and environmental considerations.

Through the improving social and environmental conditions applied on each Project we take a part, we have

committed our selves to support a sustainable development in these fields.

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4.5 Organisation and employees

VMS will continue its policy on employee influence and remain a preferred Employer on the market that offers

opportunities for professional development.

This will be achieved through the influence exercised by the employees. They are motivated and encouraged to

participate beyond their basic duties with new ideas, which are always seriously considered by the Management.

VMS’s structure will be such as to ensure employee welfare and to offer both personal and professional

challenges.

VMS and its employees continue to maintain both professional and commercial integrity and reliability.

4.6 Professionalism

We strive towards high professional standards on a par with ability to run the business.

This will manifest itself in our choice of assignments and leaders. In addition, our high technical standard must

be constantly up-graded its staff, by participation in new development schemes and training courses, also in our

selection of the right man for the job.

4.7 Quality policy

VMS’s objective is to provide competent consulting services at a high level of expertise, thereby ensuring that

value is added to the client's organisation.

In our consulting services we will incorporate socially related factors with a focus on health, safety, environment

and social conditions.

4.8 Quality principles

VMS's objective is to generate quality by complying with the following principles:

• All employees have a role to play in generating quality.

• All employees must be fully aware of how they will add value to their external and internal clients.

• All employees shall confide in their superior if they feel uncomfortable about performing the task in

question.

• The line manager shall make sure that the employees are familiar with, understand and comply with

the quality management system.

• The project manager shall ensure that the project complies with the quality management system

• All departments shall seek, apply and exchange "best practices".

• All departments must stipulate goals and actions in order to improve quality and develop competence.

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Quality is reflected in our values, actions and processes and is the backbone of our operation. The client is in

focus. Quality for us is to provide competent services and products adding value to the client.

We are convinced that quality in consulting services is achieved by committed, motivated and well-qualified

professional staffs, who understand the client's needs and expectations. VMS's impartiality and our employees'

ability to operate cross-organisationally provide an optimal framework for generating quality.

We ensure that a project team is manned with the necessary and sufficient competent staff matching the special

terms of the project. Further, a task is only accepted if we, maybe in co-operation with others, possess the

professional, administrative and financial resources required to perform the task in accordance with our quality

policy.

All projects are properly planned to ensure that the objectives of the project are achieved, and the plans are

adjusted in line with new information is generated and new conditions are recognized. All projects are checked

and reviewed in order to ensure that the services provided are in accordance with the project objectives.

Systems are in place facilitating that VMS's totality of knowledge and competence is available for each and every

assignment.

We are constantly striving for improvements to the benefits of our clients. One of the means used, is the

concept of best practices.

All these means will ensure fulfilment of our quality policy and the project objectives to the benefits our clients.

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5 FACTS

5.1 Consultancy should add value

The basis for all VMS's consultancy services is to add value for the customers by delivering complete solutions,

integrated in the value chain of the customers.

5.2 Home market

VMS defines its home market to be Serbia and Montenegro. On the home markets, VMS offers a large program

of consultancy services covering the markets' needs. Based on experience and trends we are aiming to

announce the Balkan region as a home market in the near future.

5.3 International market

Presently, VMS is focused on clients from the Middle East (UAE, KSA, and Qatar) and Switzerland. In a short time

we were recognized as a reliable and professional partner on these markets. Generally, our intention in the

future is to ensure that our position will be improved in all aspects of work and establish good position for VMS

in the EU market as well.

5.4 VMS's core competences

VMS's consultancy services are based on a set of core competences: the ability to develop and cultivate the

professional level, deliver multidisciplinary services, manage projects and develop close customer relations.

5.5 VMS's Management

VMS's executive management has 4 members:

Sinisa Matic, Director Milena Matic, Head of ICT & Marketing

Mob: + 381 63 224292 Mob: + 381 64 4383100

E-mail: sm@vms.rs E-mail: milena@vms.rs

Nikola Matic, CEO Blazo Begovic, PMO Executive Manager

Mob: + 381 63 252022 Mob: + 381 65 6454545

E-mail: nma@vms.rs E-mail: blazo@vms.rs

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5.6 Head Office in Belgrade

VMS's head office is situated in Belgrade, Kajmakcalanska Street 61.

Reception desk: + 381 11 2424366

+ 381 11 3086434

e-mail: office@vms.rs

5.7 VMS's beginning

VMS was founded as a company in 1992 by Vladislav Matic and his two sons Sinisa and Nikola. The name was

given as abbreviation of Vladislav Matic and Sons.

5.8 Building up talent

It is VMS's objective to establish the most attractive work place for professionals who want to make a

professional, commercial or managerial career in the field of consultancy services.

5.9 History

VMS is specialised in construction design, building steel constructions and supervision in many fields of civil

engineering. History began in a few modest rooms in Belgrade in 1992.

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6 VISION

'Being trustful consultant service provider, recognized as someone who creates a

fully integrated solution for the Client respecting Society needs, safety and the

environment' is our vision

VMS is an internationally oriented company focused primarily on construction,

engineering and property development.

VMS is dedicated to provide high-performance, energy-efficient and sustainable

technical assistance to the Client. The company approaches each project,

regardless of size or scale, with an understanding that architecture and

construction has a unique power to influence civic life. We strive to create designs

that aid society, advance modern technology, sustain the environment and inspire

those around us to improve our world.

VMS vision and core values define culture and goals, motivating our staff to go for

an extra mile giving their best solution to the Client, society and environment.

Our core values have been retained from the beginning of the company

establishment and incorporated in service provision and communication manner.

To fulfil our vision we base our activities on the following core values:

• Trust

• Best practise sharing

• Pride and Impartiality

• Sustainability and 'Life cycle' approach

• Innovation

Development of Infrastructural projects and buildings are a necessity of this

society.

Increase your real estate business impact with real engineer's power.

We consider innovations in order to lower costs still add value to your real estate;

our goal is to use this challenge for easier living and to create profit.

At the same time we also think 'green'; we will do our best to reduce energy

consumption and CO2 emission in completing your aims.

To reach this vision, we have created a new strategy – a new 'mission'

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7 MISSION

'Increase potentials to your business and society with Consulting Engineers

knowledge' is our mission.

It represents what we are and what as a company we stand for.

The long term objective of this strategy is to secure a wealthy environment and

easier development to your business and our society.

What we do as a Company improves our lives, the business we work with and the

communities of which we are a part.

• We will focus on developing innovative, profitable and value added services

in a sustainable manner by partnering with our Clients

• We have developed a reputation as trustful and secure service provider

• We deliver quality, timely and within a budget

• We maintain the highest level of health and safety of our staff while working

• We will push and work even harder

The main objectives of the strategy are to add value to our core business, to

identify new opportunities and to create growth as we change and renew our

business.

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8 STRATEGY

We will increase our market position in civil engineering.

We will become a consultancy hub in the Balkan region.

We will balance our growth in accordance with the market reality and industry's best

profitability.

We will be in the Balkan Region leading provider of digital services in construction

sector using Internet of Things in Structural Health Monitoring and Preventive

Maintenance.

8.1 Business Intimacy with the Clients

Strong relationship and understanding of a Client needs are very important.

• Each Company member, permanent or part time employee, must consider how we

can create value for our Clients

• We will examine any new opportunity that may appear by discussing at the very first

moment with our Clients and by being sensitive and responsive to their needs

• We will provide our best experience and efforts to meet Clients requirements

• Our Clients will receive timely and contemporary comprehensive technical solutions

• We will work on development of new business models with clients offering based on

new technologies and construction consultancy expertize

8.2 Carrying out

This is about executing what we have stated in the strategy

• We offer contemporary technology solutions to our Clients

• We will increase our efforts to examine and exercise innovations

• We will endorse knowledge management and skills

• We will continue to invest in personal education and opportunities for knowledge

sharing among the colleagues

• We will continue improving our business models, processes and functions

8.3 Efficiency

In order to become even more efficient Company, we have to:

• find the shortest path from the idea to the realization

• respond more quickly to the Client's requests, needs and queries.

• be able to make decisions more quickly

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8.4 Skilled staff

Our employees and their skills are most valuable to competitive advantages

• We will become a link between international and local practice through educated and

dedicated experts within the Company

• We will endorse best international practices in the local communities

• We will follow the idea 'think global, act local'

• Our innovations and up-to-date information in the industry, including contemporary

norms, regulations and standards, will be the base for success for our strong market

position

• We will continue to reward a high quality and creative team

• Our employees will be committed to uphold the highest standards of professionalism

and performance

• We encourage a culture that stems from an entrepreneurial spirit continuously

• We believe in teamwork and the limitless possibilities of collaborative energy

8.5 Process

• We must optimize and grow our intellectual capital

• We have to maximize the effectiveness and efficiency of our performance

• We will embrace new technologies and digitalization in order to further improve our

services to the clients

• We will remain seeking for continuous improvement and innovative ways in all areas

of the core business

• We will promote sustainable solutions, energy saving and cutting of the CO2 emission

• We will increase our expertise through new challenges