Datum: 20. září 2011
Construction of the Congress Centre in Krakow - a new contract for Budimex SA
The Management Board of Budimex S.A. announces that on 20 September 2011 the consortium of Budimex S.A. (leader) and Ferrovial Agroman S.A. (partner) signed a contract with the Municipality of Krakow on the construction of the Congress Centre (Rondo Grunwaldzkie) in Krakow - second stage of completion.
- The contract is worth PLN 257,994,160.00 net
- Work commencement date: on the date of signing the contract
- Deadline: up to 35 months from the date of concluding the contract
- Guarantee period: 60 months
- Financial terms and conditions:
- Payment: 30 days from the data of delivering the invoice to the contracting authority
- Bank guarantee of successful execution: 7% of the gross contract value
- Maximum penalties: 20% of the net contract value
- The contracting authority is entitled to supplementary compensation which carries contractual penalties to the amount of damage actually suffered
The value of the offer exceeds 10% of the equity of Budimex S.A.