Datum: 30. September 2010
Construction of the Wielkopolskie Centrum Zaawansowanych Technologii (the Wielkopolskie Centre for Advanced Technologies) – new contract of Budimex SA
The Management Board of Budimex SA reports that on 30 September 2010 the consortium of Budimex SA (the leader) and Ferrovial Agroman SA concluded a contract with the Adam Mickiewicz University in Poznań for "Construction of the Centre for Advanced Technologies, building B, C, D, Technical Gases Storage Room, Waste Storage Room".
- Net contract value: PLN 64,170,331.44 net
- Commencement date: no later than 20 days from the date of concluding the contract
- Deadline: 31 December 2011
- Guarantee period: 36 months
- Financial conditions:
- Payment: 30 days after the Contracting Authority has received a VAT invoice
- Bank guarantee of successful completion – 5% of the gross contract amount
- Contractual penalties paid by the Contractor:
- For delay in executing the Subject of the Contract in the amount of 0.5% of the gross remuneration for each day of delay
- For withdrawing from the contract by any party due to reasons independent of the Contracting Authority – 10% of the gross contract value
- For delay in remedying defects found in the course of the acceptance or during the warranty or guarantee period - 0.5% of the gross remuneration for each day of the delay
- 20% of the amount the Contracting Authority will have to pay directly for the benefit of the subcontractor in the event that the general contractor does not pay the remuneration
- The Parties reserve the right to supplementary compensation, which carries the amount of contractual penalties equal to the amount of damage actually suffered.
The contract value exceeds 10% of the equity of Budimex S.A.