# SRV agrees development phase for Luolavuori School

> On 6 May 2026 SRV and a real-estate company owned by the City of Turku signed a development-phase agreement for a new school building. The target price of the project-management contract is approximately EUR 26 million.

- **Source date:** 2026-05-06
- **Original source:** [SRV](https://www.srv.fi/en/srv-as-a-company/newsroom/investor-news/srv-to-build-a-new-building-for-luolavuori-school-project-to-start-with-a-development-phase-5357793/)
- **Reading time:** 1 min
- **Language:** en
- **URL:** https://voltformer.com/news/srv-2026-05-06-srv-to-build-a-new-building-for-luolavuori-school-project-to-start-with-a-development-phase-5357793
- **Markdown:** https://voltformer.com/news/srv-2026-05-06-srv-to-build-a-new-building-for-luolavuori-school-project-to-start-with-a-development-phase-5357793.md

## Reported scope and milestone

SRV: On 6 May 2026 SRV and a real-estate company owned by the City of Turku signed a development-phase agreement for a new school building. The target price of the project-management contract is approximately EUR 26 million.

[SRV](https://www.srv.fi/en/srv-as-a-company/newsroom/investor-news/srv-to-build-a-new-building-for-luolavuori-school-project-to-start-with-a-development-phase-5357793/)

## Engineering interpretation

The cooperative project-management contract begins with a development phase. At its close, the client decides whether to proceed to implementation; the project had not yet entered SRV’s order backlog when announced.

[SRV](https://www.srv.fi/en/srv-as-a-company/newsroom/investor-news/srv-to-build-a-new-building-for-luolavuori-school-project-to-start-with-a-development-phase-5357793/)

## Delivery responsibilities

A design study converts an owner’s objectives into an engineering basis that can be priced, reviewed and taken into subsequent execution. Process balances, utilities, constructability and tender packages must be consistent before contracts advance. The design team should identify unresolved interfaces and decisions that remain with the owner. Selecting a study provider is evidence of technical development, not confirmation of a final investment decision, a construction start or operating capacity. Dates quoted as future plans retain that status until a separate milestone is reported.

[SRV](https://www.srv.fi/en/srv-as-a-company/newsroom/investor-news/srv-to-build-a-new-building-for-luolavuori-school-project-to-start-with-a-development-phase-5357793/)

## Related company profiles

- [SRV](https://voltformer.com/epc-contractors/srv) · [Markdown](https://voltformer.com/epc-contractors/srv.md)

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