Aktuální report č. 6 / 2013

Building up of the structure for a cluster of halls for KGHM Polska Miedź S.A. – new contract for Mostostal Kraków S.A.

The Management Board of Budimex S.A. announces that on 5 February 2013 it was notified by Mostostal Kraków S.A. (100% subsidiary of Budimex S.A.) on the conclusion on 5 February 2013 of a contract dated 31 January 2013 with KGHM Polska Miedź S.A. with its registered office in Lubin for "The development of a building complex consisting of suspension roaster, electric furnace, heat recovery steam generator, electrical and energy building, development of anode furnaces hall together with a supporting construction and installations".
Net contract value: PLN 118,000,000.00
Commencement date: date of signing of the contract
Deadline: 16.05.2014
Guarantee period: 120 months
Financial terms and conditions:
Advance payment: 8.47% of the net contract value
Term of payment: 30 days from the delivery of the invoice to the Contracting Authority.
Performance bond: 10% of the net contract value.
Maximum liquidated damages to be paid by the Contractor: 10% of the net contract value.
The Contracting Authority may seek damages in excess of the amount of the stipulated liquidated damages.
The contract value exceeds 10% of the equity of Budimex S.A.