Aktuální report č. 1 / 2015

Denitrification and desulfurization systems in EC Siekierki in Warsaw – new contract for Budimex SA

The Management Board of Budimex SA announces that on 9 January 2015 the consortium of Andritz Energy & Environment GmbH with its registered office in Raaba, Austria (the consortium’s leader, with 49% of shares) and Budimex SA (partner, with 51% of shares) signed a contract for “The delivery and assembly of the flue denitrification plant and the modernization of the desulfurization plant for the K2 boiler at EC Siekierki” with PGNiG Termika SA with its registered office in Warsaw.

• Contract value: PLN 62,950,000.00 net.
• Works commencement date: immediately after signing the contract.
• Works completion date: 105 weeks – plant handed over for operation; 25 months – final acceptance.
• Terms of guarantee:
  • Base guarantee period – 36 months;
  • Extended guarantee period – 60 months for chemical resistant linings, anticorrosion protection, thermal and acoustic insulation and other construction works; 20,000 hours of response guarantee for catalytic cartridges.
• Financial terms and conditions:
  • Advance payment: 10% of gross bid value.
  • Payment: 30 days of receipt by the Ordering Party of the relevant VAT invoice.
  • Performance bond: 10% of gross bid value.
• Maximum penalties: 20% of net contract value.
• The payment of the contractual penalties excludes the right to claim compensation exceeding the amount of those penalties.

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