Budimex.pl

Current report no 16 / 2017

Date: March 13, 2017 6:22 PM

Signing of the Contract between Mostostal Kraków SA (a wholly owned subsidiary of Budimex SA) with Budimex SA and Tecnicas Reunidas SA

The Management Board of Budimex SA informs that on 13 March 2017, Mostostal Kraków SA (a wholly owned subsidiary of Budimex SA) signed a contract with Budimex SA and Tecnicas Reunidas SA, conducting a joint activity under the name of “Budimex SA, Tecnicas Reunidas SA – Turów Spółka Cywilna”, for the erection of the steel structure of the boiler house with the coal handling and the air preheater part under the Task “Turnkey construction of a new power unit at the Turów Power Plant for PGE Górnictwo i Energetyka Konwencjonalna SA. The tender price is PLN 68237756.15 net. Since the publication of the last Report No 67/2016 dated 30 September 2016, the value of agreements signed by Mostostal Kraków with Budimex SA amounted to PLN 103.7 million net, and the agreement concluded on 13 March 2017 had the highest price.

 

Works commencement date: upon the hand-over of construction site.

Works completion date: 31 May 2020.

Guarantee period: 31 May 2024.

Advance payment: 12.3% of the Net Contract Value.

Payment deadlines: 30 days from the issue of a VAT invoice.

Bank Guarantee for the advance payment: 6.15% of the Net Contract Value.

Bank performance bond: 6.15% of the Net Contract Value.

Contractual penalties paid by the Contractor:

- A delay pertaining to the partial execution deadlines: 0.15% of the net Contract Value for each day of the delay.

- A delay pertaining to the general execution deadlines: 1% of the Net Contract Value for each full week.

- Withdrawal from the contract: 14.5% of the Net Contract Value.

 

The Parties have the right to seek damages on general terms.

 

The other contracts concluded by Mostostal Kraków with Budimex SA since the date of publication of the Report No 67/2016 of 30 September 2016 are as follows:

 

- The contract of 18 October 2016 for the supply of a steel structure of the inner ducts of the boiler for the Task: “Turnkey construction of a new power unit at the Turów Power Plant for PGE Górnictwo i Energetyka Konwencjonalna SA.

-The contract of 4 January 2017 for the supply of two coal silos (bunkers) for the Task: “Turnkey construction of a new power unit at the Turów Power Plant for PGE Górnictwo i Energetyka Konwencjonalna SA. 

- The contract of 6 March 2017 for the execution and supply of the steel structure of the bridge MS-24A as part of the Task: :”Construction of the road S51 Olsztyn – Olsztynek at the section Olsztyn-Wschód to Olsztyn-Południe (formerly: Construction of the Olsztyn ring road as part of the national road No 16 — Task No 2: from approx. km 10+000 to the end of the prepared area on approx. km 24+701 (behind the Olsztyn-Wschód junction)”.

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