Aktuální report č. 79 / 2012

Sheeting of Płonie Canal banks - a new contract of Budimex SA

The Management Board of Budimex SA reports that on 18 December 2012 the consortium of Budimex SA (leader) and Ferrovial Agroman SA (partner) signed a contract with the Maritime Office in Gdynia with regard to "Sheeting of Płonie Canal banks at Martwa Wisła in Gdańsk" under the project "Modernisation of the entry to the internal port (in Gdańsk). Stage II - Reconstruction of the waterway on Martwa Wisła and Motława".

• Net contract value: PLN 38,115,462.55
• Commencement date: no later than 28 days from the date of concluding the contract
• Deadline: 24 months from the date of concluding the contract
• Guarantee period: 36 months
• Financial terms and conditions:
  • Advance payment: 20% of the gross contract value
  • Payment: 30 days from the delivery of the invoice to the Contracting Authority
  • Performance bond: 10% of the gross contract value
• Maximum contractual penalties payable by the Contractor: 20% of the net contract value
• The Ordering Authority has the right to claim supplemental compensation on general terms resulting from the Civil Code, on condition that the claim is limited to the actual damage and is not higher than the limit for payment of costs to complete the work, while the total cost of completing the work, supplemental compensation and contractual penalties cannot be higher than the limit mentioned above.

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