Budimex.pl

Aktueller Bericht Nr. 21 / 2010

Datum: 12. März 2010

New Contract of Budimex SA – Expansion of the Karczemki junction in Gdańsk

The Management Board of Budimex SA reports that on February 11, 2010 a Contract was concluded with the General Directorate for Roads and Motorways, Gdańsk Branch, for the following construction works: Extension of the junction of the Tri-City Ring Road (National Road S6) with Kartuska Street (National Road 7) – the Karczemki junction in Gdańsk.”

  • Contract value: PLN 152,926,000 net
  • Start date: 11. 02. 2010
  • Deadline: 15. 05. 2012
  • Guarantee period: 60 months after the works have been completed
  • Financial conditions:
    • Payment: 49 days after the Contracting Authority has received the Payment Certificate along with the VAT invoice correctly issued by the Contractor
    • Bank guarantee for successful execution: 5% of the gross offered price
  • Contractual penalties paid by the Contractor:
    • A. For exceeding the Deadline for the Completion of Works for reasons involving the Contractor – 0.01% of the Approved Contractual Amount per each day
    • B. For failure to perform the Required Minimum Performance – 0.04% of the Approved Contractual Amount per each day
    • C. For withdrawal from the Contract for reasons involving the Contractor – 10% of the Approved Contractual Amount
    • D. For exceeding the deadline for submitting: the schedule, the report, the draft contract with the subcontractor and the deadline for submitting the price calculation – PLN 5,000.00 per each day
    • E. For exceeding the deadline to remove defects and to perform minor overdue works specified in the Take-over Certificate or later, within the period of warranty for failures by the date specified by the Engineer – PLN 5,000.00 per each day
  • Contractual penalties paid by the Contracting Authority:
    • A. For withdrawal from the Contract – 10% of the Approved Contractual Amount
  • The Parties reserve the right to supplementary compensation in excess of contractual penalties up to the amount of damage actually suffered.

The contract value exceeds 10% of the equity of Budimex S.A.

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