Datum: 5. Oktober 2011
Construction of the S-8 express road node: Walichnowy road node – Wrocław road node (A1), section 8 (road node Róża – Wrocław): from km 183+350.00 to km 202+700.00 – new contract for Budimex SA
The Management Board of Budimex S.A. reports that on 5 September 2011 they signed a contract with the General Directorate for National Roads and Motorways, Łódź Division, for the “construction of the S-8 express road node: Walichnowy road node – Wrocław road node (A1), section 8 (road node Róża – Wrocław): from km 183+350.00 to km 202+700.00".
- The contract is worth PLN 689,243,963.78 net
- Commencement date: no later than 14 days from the date of concluding the contract
- Deadline: within 27 months from the date of concluding the contract, including winter periods
- Guarantee period: 60 months from the date indicated in the certificate of acquisition
- Warranty period: 12 months from the date indicated in the certificate of acquisition; resolution of energy conflicts – 36 months from the date of final acceptance of electrical energy system
- Financial terms and conditions:
- Payment: 30 days from the date of delivering the invoice to the Contracting Authority.
- Bank guarantee of successful execution: 5% of the gross contractual amount
- Penalties paid by the Contractor:
- 0.02% of the approved contractual amount per each day of delay in completion of works
- 10% of the approved contractual amount for withdrawing from the contract for reasons involving the Contractor
- 0.02% of the approved contractual amount per each day of delay in failing to perform the Required Minimum Performance within: a) 10 months from concluding the contract – no less than 20% of the approved contractual amount; b) 15 months from the date of concluding the contract – no less than 40% of the approved contractual amount
- PLN 30,000.00 for each unreported subcontractor for not reporting any of the subcontractors
- Penalties paid by the Contracting Authority:
- For withdrawal from the contract for reasons attributable to the Contracting Authority – 10% of the approved gross contractual amount
- The Contracting Authority is entitled to supplementary compensation which carries the amount of contractual penalties to the amount of damage actually suffered
The contract value exceeds 10% of the equity of Budimex S.A.