Budimex.pl

Current report no 56 / 2011

Date: June 22, 2011

Connection of national roads – Trasa Sucharskiego Task I. Section: southern Gdańsk ring road – Elbląska junction - the new contract of Budimex SA

The Management Board of Budimex SA announces that on 22 June 2011 a contract was signed with  Gdansk City Gmina, represented by Gdansk Municipal Investments Sp. z o.o. with its registered office in Gdansk, on the execution of works under the project "Connection of national roads - Trasa Sucharskiego". Task I. Section: southern Gdańsk ring road –  Elbląska junction.

  • The contract is worth PLN 137,150,121.45 net
  • Commencement date: immediately upon concluding the contract
  • Deadline: 18 months from the date of concluding the contract
  • Guarantee period: 60 months
  • Financial terms and conditions:
    • Payment: 28 days from the date of submitting the invoice to the Contracting Authority
    • Bank guarantee of successful execution – 10% of the gross contract value
  • Penalties paid by the Contractor:
    • 0.05% of the accepted gross contract amount for every day of delay in works completion
    • 0.05% of the accepted gross contract amount for every day of delay in carrying out each scope of works specified as a milestone
    • 10% of the accepted contract amount in the event of the Contracting Authority withdrawing from the contract for reasons attributable to the Contractor
  • The Parties reserve the right to supplementary compensation, which carries the amount of contractual penalties equal to the amount of damage actually suffered

The contract value exceeds 10% of the equity of Budimex SA.

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Shareholdership structure as on 20.05.2021

GPWKNFRespect IndexSEGWIG Budownictwo