NJORD – gateway to the Nordic region

Welcome to NJORD Law Firm.

We are a law firm with a Nordic profile and a global mindset. Our lawyers advise on legal matters and work as problem solvers for clients, both nationally and internationally, from our five offices – in Aarhus, Copenhagen, Riga, Tallinn and Vilnius.

We give you direct advice in the form of effective solutions. We offer advice in more than 30 areas of expertise, and we currently think, speak and cooperate in more than 25 languages among our 200 employees. This makes us one of the strongest international law firms in the Nordic region.

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NJORD Estonia: Is non-predictable increase of construction cost the basis for the amendments in the construction contract?

Construction is often a long-term process, going on for years. A lot may change during this period in the surrounding economic and political environment. Therefore, at the time of entry into the construction contracts with a longer term, it is often not possible to foresee the significant future developments and changes occurring in the construction market. The changes may include, for example, the appreciation of construction costs, due to unforeseen increases of construction materials, and labour costs during the execution of the construction contract. Classically, this risk is borne by the contractor.

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