Dátum: 12. marca 2010
New Contract of Budimex SA – Expansion of the Karczemki junction in Gdańsk
The Management Board of Budimex SA reports that on February 11, 2010 a Contract was concluded with the General Directorate for Roads and Motorways, Gdańsk Branch, for the following construction works: Extension of the junction of the Tri-City Ring Road (National Road S6) with Kartuska Street (National Road 7) – the Karczemki junction in Gdańsk.”
- Contract value: PLN 152,926,000 net
- Start date: 11. 02. 2010
- Deadline: 15. 05. 2012
- Guarantee period: 60 months after the works have been completed
- Financial conditions:
- Payment: 49 days after the Contracting Authority has received the Payment Certificate along with the VAT invoice correctly issued by the Contractor
- Bank guarantee for successful execution: 5% of the gross offered price
- Contractual penalties paid by the Contractor:
- A. For exceeding the Deadline for the Completion of Works for reasons involving the Contractor – 0.01% of the Approved Contractual Amount per each day
- B. For failure to perform the Required Minimum Performance – 0.04% of the Approved Contractual Amount per each day
- C. For withdrawal from the Contract for reasons involving the Contractor – 10% of the Approved Contractual Amount
- D. For exceeding the deadline for submitting: the schedule, the report, the draft contract with the subcontractor and the deadline for submitting the price calculation – PLN 5,000.00 per each day
- E. For exceeding the deadline to remove defects and to perform minor overdue works specified in the Take-over Certificate or later, within the period of warranty for failures by the date specified by the Engineer – PLN 5,000.00 per each day
- Contractual penalties paid by the Contracting Authority:
- A. For withdrawal from the Contract – 10% of the Approved Contractual Amount
- The Parties reserve 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 S.A.