Aktueller Bericht Nr. 5 / 2012

Construction of the Office, Residential and Commercial Complex at ul. Kruczkowskiego 2 in Warsaw – information about the selection of the offer by Budimex SA

The Management Board of Budimex S.A. reports that on 19 January 2012 it received information about the selection by Powiśle Park Sp. z o.o. of the offer by Budimex S.A. in the procedure to choose the general constructor of the Office, Residential and Commercial Complex at ul. Kruczkowskiego 2 in Warsaw.

• Value of the offer: PLN 173,000,000 net
• Commencement date: not later than 20 days from the date of the contract becoming effective
• Finish date: 24 months from the commencement date
• Guarantee period: 60 months
• Financial terms and conditions:
  • Payment: 30 days from the date of delivering the invoice to the Contracting Authority
  • Bank guarantee of successful execution: 10% of the approved gross contractual amount
• Maximum amount of penalty: 10% of the approved gross contractual amount
• The Parties reserve the right to claim supplementary compensation which carries the amount of contractual penalties to the amount of damage actually suffered

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