The BAM consortium building Nato's new headquarters in Brussels, BAM Alliance and Belgian Ministry of Defence have reached an agreement on the claim for additional costs and the new time frame, submitted last year.
The agreement is said to provide an additional payment of €85m (£67m) to BAM Alliance and its building partners, as compensation for additional works and services.
In addition, the agreement foresees completion of the work in summer 2016.
According to BAM, the amount relates in part to expenses of non-BAM companies building partners and future additional measures. It has no effect on its previously published profit outlook for 2014.
The part relating to BAM for 2014 is in accordance with the earlier forecast.
Construction of the new Nato headquarters was started by BAM Alliance opposite the existing headquarters in October 2010.
Contract value was originally valued at €460m and the claim was submitted at the end of 2013.
BAM is satisfied the agreement provides a good basis to complete the project within the newly agreed term of mid-2016 and budget.
Design and standard fit-out of the new building allows for a configurable use of the facility.
The building will provide all allies the space required and enables reduced heating, cooling and ventilating power due to thermal insulation, thermal inertia and effective solar protection of glazing.
According to Nato, the building provides optimised energy consumption and enables reduction of any environmental impact.
Image: Nato Headquarters. Photo: courtesy of ©SOM + assar architects.