Budimex.pl

Current report no 26 / 2010

Date: March 25, 2010

New contract of Budimex S.A.– construction of an office building complex Libra Business Center

The Management Board of Budiemx S.A. announces that two contracts for construction of the office building complex Libra Business Center were concluded with Palatium Sp. z o.o. Sk with its registered office in Warsaw on 24 March 2010. The first contract concerns the 1st Stage – construction of building A. The second contract concerns the 2nd stage – construction of building B.
The contracts are conditional in character. They are in force from their conclusion but will become effective on the date when the Investor informs the Contractor that the contracts become effective. In the case of the contract for the 1st Stage: if the day of the contract becoming effective does not take place within 120 days from concluding the Contract, the contract expires. In the case of the contract for the 2nd Stage: if the day of the contract becoming effective does not take place within 12 months from concluding the Contract, the contract expires

  • 1st Stage Contract value: PLN 44,390,310.90 net
  • 2nd Stage Contract value: PLN 60,109,689.10 net
  • Total value: PLN 104,500,000 net
  • Commencement date: after the contracts have become effective, three days from the date of the construction site transfer
  • Deadline: 15 months from the date of the contracts becoming effective
  • Guarantee period: 
    • 120 months for structure
    • 60 months for roof coverings and fitted carpets
    • 48 months for remaining work
  • Financial conditions:
    • Payment: 60 days after the Investor has received a VAT invoice
    • Deposit: 5% of the net contracts value
    • Bank deposit for successful execution: 5% of the net contracts value
    • Contractual penalties: total limit of penalties for delay – 10%
    • The Investor reserves the right to supplementary compensation in excess of contractual penalties up to the amount of damage actually suffered.

The total value of the concluded contracts exceeds 10% of the equity of Budimex S.A.

Shareholders
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Shareholdership structure as on 20.05.2021

GPWKNFRespect IndexSEGWIG Budownictwo