Budimex.pl

Aktueller Bericht Nr. 32 / 2010

Datum: 16. April 2010

New contract of Budimex S.A. – Mechatronics, Bioscience and Nanoengineering Centre at Poznan University of Technology

The Management Board of Budimex S.A. reports that on April 15, 2010 a contract for construction of the Mechatronics, Bioscience and Nanoengineering Centre at Poznan University of Technology was concluded with the Poznań University of Technology.

  • Contract value: PLN 36,686,107.15 net
  • Commencement date: up to 28 days from the date of concluding the contract
  • Deadline: 30.09.2011
  • Guarantee period: 36 months after the works have been completed
  • Financial conditions:
    • Payment: 21 days after the Contracting Authority has received a correctly issued VAT invoice
    • Bank guarantee of successful execution – 8% of the gross contract value
  • Contractual penalties paid by the Contractor:
    • For withdrawing from the contract for reasons attributable to the Contractor – 10% of the gross remuneration.
    • In the case where the design or construction work constituting the Subject of this Contract is performed by an entity other than the Contractor or a Subcontractor not approved by the Ordering Party – contractual penalty of 10% of the gross remuneration.
    • If the activities reserved for the Construction Site Manager will be performed by some other person than the person stipulated in the Bid or not approved by the Contracting Authority – contractual penalty of 10% of the gross remuneration.
    • For delay in executing the Subject of the Contract – 0.05% of the gross remuneration for each day of delay.
    • For delay in remedying defects found in the course of the acceptance or during the warranty and guarantee period – 0.05% of the gross remuneration for each day of the delay, counting from the expiry of the deadline specified for remedying the defects.
    • For delay in cleaning up the construction site within the time stipulated – 0.05% of the gross remuneration for each day of delay.
    • For delay in cleaning up the construction site after the Contractor's withdrawal from the Contract within the time stipulated – 0.05% of the gross remuneration for each day of delay.
    • For delay in executing particular elements of the project documentation and work specified in the schedule of work and expenditure – 0.05% of the gross remuneration for each day of delay.
  • The Parties reserve the right to supplementary compensation in excess of contractual penalties up to the amount of damage actually suffered.
  • This is a consecutive contract concluded with this investor within the last 12 months. Its total value is 68,620,967 PLN net.

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

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