Datum: 22. Juni 2011
Connection of national roads – Trasa Sucharskiego Task I. Section: southern Gdańsk ring road – Elbląska junction - the new contract of Budimex SA
The Management Board of Budimex SA announces that on 22 June 2011 a contract was signed with Gdansk City Gmina, represented by Gdansk Municipal Investments Sp. z o.o. with its registered office in Gdansk, on the execution of works under the project "Connection of national roads - Trasa Sucharskiego". Task I. Section: southern Gdańsk ring road – Elbląska junction.
- The contract is worth PLN 137,150,121.45 net
- Commencement date: immediately upon concluding the contract
- Deadline: 18 months from the date of concluding the contract
- Guarantee period: 60 months
- Financial terms and conditions:
- Payment: 28 days from the date of submitting the invoice to the Contracting Authority
- Bank guarantee of successful execution – 10% of the gross contract value
- Penalties paid by the Contractor:
- 0.05% of the accepted gross contract amount for every day of delay in works completion
- 0.05% of the accepted gross contract amount for every day of delay in carrying out each scope of works specified as a milestone
- 10% of the accepted contract amount in the event of the Contracting Authority withdrawing from the contract for reasons attributable to the Contractor
- 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 SA.