Aktuální report č. 93 / 2014

Preparing infrastructure for the quartering of soldiers in the Konotop camp – a new contract of Budimex SA

The Management Board of Budimex SA hereby informs that on 25 November 2014 it concluded an agreement with Rejonowy Zarząd Infrastruktury in Szczecin for: “Building works pertaining to the preparation of the infrastructure for the quartering of soldiers in the Konotop camp.”

• Contract value: PLN 39,710,355.35 net.
• Works commencement date: 9 December 2014
• Works completion date: 36 months from the hand-over of the construction site.
• Term of guarantee: 36 months.
• Financial terms and conditions:
  • Advance payment: 50% of the gross annual remuneration limit in the given calendar year.
  • Payment: 30 days from the receipt of the VAT invoice by the Employer.
  • Performance bond: 10% of gross remuneration.
• Maximum penalties incurred by the Contractor: 20% of gross bid value.
• Maximum penalties incurred by the Employer: 20% of gross bid price of the works from whose performance the Employer withdraws (with the exception of a withdrawal caused by circumstances defined in Article 145 of the Public Procurement Law).
• The Parties reserve the right to seek supplemental damages to the full amount of the damage incurred.

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