Budimex.pl

Current report no 76 / 2019

Date: December 20, 2019 10:47 AM

Construction of a multi-family residential building with service premises together with underground garage hall and the necessary technical infrastructure at ul. Niemena in Poznań and construction of adjacent roads i.e.: ul. Warczygłowy and ul. Sobczaka —

The Management Board of Budimex S.A. announces that on 20.12.2019 a contract was concluded between Budimex S.A. and Budimex Nieruchomości Sp. z o.o. on "Construction of a multi-family residential building with service premises together with underground garage hall and the necessary technical infrastructure at  Niemena in Poznań and construction of adjacent roads i.e.:  Warczygłowy and  Sobczaka”. 

Contract value: net PLN 81,030,833.11 

 

As of April 1, 2019 (date of the last current report) it is the fourth contract concluded between the Companies, and the contract with highest value is the contract signed on 12 August 2019 for the “Construction of a multi-family residential building with service premises together with underground garage hall and the necessary technical infrastructure in Poznań at  Dąbrowskiego 87, 89”.

 

Terms and conditions of the contract with the highest value:

 

Contract value: net PLN 81,834,647.04

 

Works commencement date: 19.08.2019

 

Works completion date: 20.12.2019

 

Period of guarantee and warranty: 

– for reinforced concrete structure, roof covering, waterproof barrier of underground and overground part, including expansion joints — 10 years,

– for other works — 66 months,

 

Advance payment: none

 

Payment terms: 30 days from the day of delivery of a correct VAT invoice to the Ordering Party by the Contractor.

 

Bank performance bond: Guarantee deposit 5% of the net works value

 

Maximum amount of contractual penalty paid by the Contractor: 10% of the net contracted remuneration.

 

Maximum amount of contractual penalty paid by the Ordering Party: 10% of the net contracted remuneration.

 

Contractual penalties payable by the Contractor do not deviate from the market standards.

Penalties payable by the Ordering Party do not deviate from market standards. 

 

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.

 

Other terms and conditions of the contract do not differ from the market standards.

 

The total value of contracts concluded between Budimex S.A. and its subsidiaries and Budimex Nieruchomości sp. z o.o. exceeds due to the value of the contract the threshold of PLN 147,743 thousand net.

 

Shareholders
( more )

Shareholdership structure as on 17.05.2019

GPWKNFRespect IndexSEGWIG Budownictwo
I understand

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