EACE includes all major players in the Estonian construction market. The Association participates in the legislative process and compilation of standards and regulations, provides legal help in preparing documentation, organises training courses, participates in the work of licensing committee etc. The most influential construction firms in Estonia based on foreign capital. EIA, rip ev Industry Trends . Construction contributes largely to GDP of Estonia.
Construction sector follows the development of economy by a lag of about a year.
The best year for construction in Estonia was 1998. Initial statistical data for 1999 indicate a fall in turnover and number of buildings completed. The lag in construction market is owing to the fact, that building is an expensive activity. In addition, the planning of a construction project is a time-consuming activity. Usually, during an economic recession, the government becomes the main client for construction firms.