Budimex.pl

Aktuální report č. 58 / 2010

Datum: 23. července 2010

Construction of the S-3 express road Międzyrzecz-Sulechów - New Contract of Budimex SA

The Management Board of Budimex S.A. announces that on 23 July 2010 the consortium of Budimex S.A. (leader) and Ferrovial Agroman S.A.  concluded a contract with the Zielona Góra-based division of the General Directorate for National Roads and Motorways on "Construction of the S-3 express road in the section from the "Międzyrzecz Południe" junction to the "Sulechów" junction. 3 and 4 section from km 24+500 to km 42+954".

  • Contract value: PLN 275,493,042.86 net
  • Commencement date: no later than 30 days from the date of concluding the contract
  • Finish date: 25 months from the commencement date excluding winter periods (15 December - 15 March)
  • Guarantee period: 84 months for vertical road signs; 36 months for horizontal road signs; 60 months for all the remaining work
  • Financial conditions:
    • Payment – 30 days after the Contracting Authority has received a VAT invoice
    • Bank guarantee of successful execution – 5% of the approved gross contractual amount
  • Contractual penalties paid by the Contractor:
    • For exceeding the Deadline for the Completion of Works for reasons involving the Contractor – 0.01% of the Approved Contractual Amount per each day of delay;
    • For failure to perform the required minimum performance on time– 0.01% of the approved contractual amount per each day of delay;
    • For withdrawing from the contract for reasons involving the Contractor – 10% of the approved gross contractual amount.
  • Penalties paid by the Contracting Authority:
    • For withdrawing from the contract for reasons involving the Contracting Authority – 10% of the approved gross contractual amount.
  • The Parties reserve the right to supplementary compensation which carries the amount of contractual penalties to the amount of damage actually suffered.

The contract value exceeds 10% of the equity of Budimex SA.

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