Budimex.pl

Current report no 16 / 2020

Date: March 16, 2020 2:14 PM

“Extension of the Polish Theatre in Szczecin” - signing of the contract

The Management Board of Budimex S.A. announces that on 16 March January 2020 the contract has been concluded between Budimex S.A and the Polish Theatre in Szczecin for “Extension of the Polish Theatre in Szczecin”.

 

The information that our bid received the highest score in the tender proceedings and was selected as the most advantageous one was published on 20 January 2020 in the current report No 6/2020 and on 24 January 2020 in the current report No 8/2020.

 

Contract value: PLN 159,395,483.76 net

 

Works commencement date: up to 21 days from the contract date (date of handing-over the construction site)

 

Works completion date: 32 months from the contract date

 

Guarantee period: 60 months

 

Statutory warranty period: 60 months

 

Advance payment: none

 

Payment terms: 30 days from the day of the Contractor’s delivery of a correctly issued VAT invoice to the Ordering Party’s office

 

Bank performance bond: 5% of the gross lump-sum remuneration 

 

Maximum amount of contractual penalty paid by the Contractor: 20% of total gross remuneration due to the Contractor

 

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

 

The Ordering Party reserves the right to claim compensation in the amount of actual damage, regardless of the amount of contractual penalty.

 

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

 

The contract value exceeds the threshold of PLN 147,743 thousand net.

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Shareholdership structure as on 17.05.2019

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