Budimex.pl

Aktueller Bericht Nr. 83 / 2011

Datum: 6. Oktober 2011

Construction of wind towers plant – a new contract for Budimex SA

The Management Board of Budimex SA reports that a contract for "Comprehensive execution of a production hall together with a social building with construction installations for the Wind Towers Plant" was concluded with GSG Towers Sp. z o.o. on 6 October 2011.
The contract is conditional in character. The contract will become effective on meeting 3 conditions: the Contracting Authority paying the advance payment (one working day from the date of delivering the advance payment refund guarantee by the contractor), introducing a bank statement on obtaining credit and meeting credit payment terms and conditions by the Contracting Authority (to 30.10.2011) and introducing a signed contract on bailout from EU funds by the Contracting Authority (to 30.11.2011).

  • The contract is worth PLN 96,340,324.62 net
  • Commencement date: 14 days from the date of the contract becoming effective
  • Work completion date: 15 months from the commencement date
  • Guarantee periods: 10 years for buildings (construction and roofing leakproofness), 3 years for remaining works, 2 years for utilities and roads
  • Financial terms and conditions:
    • Advance payment: 5% of the gross contract value
    • Payment: 30 days from the date of delivering the invoice to the Contracting Authority
    • Bank guarantee of successful execution: 10% of the net contract value
  • Maximum penalties: 15% of the net contract value
  • The parties are entitled to supplementary compensation which adapts the amount of contractual penalties to the amount of damage actually suffered

The contract value exceeds 10% of the equity of Budimex SA.

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