Current report no 12 / 2018

Date: March 12, 2018 11:58 AM

Conclusion of a contract for implementation of a residential building in Poznań

The Management Board of Budimex SA announces that on 12 March 2018 a “Contract for development of a multifamily residential building with commercial premises, including underground parking spaces and the necessary technical infrastructure, located in Poznań at ul. Smolna 13 – stage VI of the Project” was signed by and between Budimex SA and Budimex Nieruchomości Sp. z o.o. (a wholly owned subsidiary of Budimex SA).

The value of the order is PLN 27,219,387.36.


Since October 2017, this is the second contract concluded by and between the Companies, and the one of the highest value is the contract for implementation of the II stage of the complex of multifamily residential buildings “B”, “C”, “D” and “E” in Warsaw, at ul. Redutowa 25 signed on 21 February 2018.


Contract value: PLN 95,308,000.00.


Works commencement date: 28 February 2018


Works completion date: 31 January 2020


Guarantee period:

- reinforced concrete structure, roof (covering), insulation of the overground and underground part – 10 years

- other works – 66 months


Advance payment: none


Terms of payment: 30 days from the delivery of a correct invoice to the Investor


Contractual penalties payable by the Employer – do not deviate from market standards


Maximum penalties for the Contractor – 10% of the Accepted Gross Contract Amount


The parties reserve the right to claim supplemental damages on general terms and conditions if the stipulated contractual penalty does not cover the amount of loss incurred.


The total value of contracts concluded by and between Budimex and Budimex Nieruchomości since October 2017 has exceed the threshold of PLN 111,446 thousand.

( more )

Shareholdership structure as on 18.06.2020

GPWKNFRespect IndexSEGWIG Budownictwo
I understand

This site uses cookies, so that might work better. Read about cookies at Website Privacy Policy