University of Tartu terminates contract on library reconstruction with YIT

  • 2017-01-03
  • BNS/TBT Staff
TALLINN - Citing a material breach of the terms of the contract by the contractor, the University of Tartu on Tuesday notified AS YIT Ehitus of the termination of the contract to reconstruct the library of the university and filing a claim for a contractual penalty. The University of Tartu and AS YIT Ehitus, the subsidiary of the listed Finnish construction group YIT, signed a contract in May 2016 under which YIT Ehitus was to reconstruct the building of the University of Tartu Library for 6.7 million euros. Under the contract, the works were to be carried out in stages a...
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