Current report no 72 / 2010

Date: October 21, 2010

Construction of an office building complex: Libra Business Center – coming into force of the contract

The Management Board of Budiemx SA announces that it was informed by Palatium Sp. z o.o. Sk with its registered office in Warsaw on the coming into force of a conditional contract of 24 March 2010 for construction of the office building complex: Libra Business Center – stage I, building B, on 21 October 2010.

  • Contract value: PLN 61,997,140.68 net
  • Commencement date: three days from the date of the construction site transfer.
  • Deadline: 15 months from the date of the contract becoming effective
  • Guarantee period: 
    • 120 months for the structure
    • 60 months for roof coverings and fitted carpets
    • 48 months for remaining work
  • Financial conditions:
    • Payment: 30 days after the Investor has received a VAT invoice
    • Deposit: 5% of the net contract value
    • Bank deposit for successful execution: 5% of the net contract 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 contract value exceeds 10% of the equity of Budimex SA

( more )

Shareholdership structure as on 20.05.2021

GPWKNFRespect IndexSEGWIG Budownictwo