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.