Dátum: 31. marca 2010
New contract for Budimex S.A. – Nowogard Ring Road
The Management Board of Budimex S.A. announces that a contract concerning “Construction of Nowogard ring road along road S-6" was concluded with the General Directorate for Roads and Motorways, Szczecin Branch on March 31, 2010.
- Contract value: PLN 132,404,019.51 net
- Commencement date: no later than 30 days from the date of concluding the contract
- Deadline: 22 months from the commencement date
- 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 approved contractual amount
- Contractual penalties paid by the Contractor:
- A. For exceeding the deadline for the Completion of Works – 0.01% of the Approved Contractual Amount per each day of delay
- B. For failure to perform the Required Minimum Performance on time– 0.01% of the Approved Contractual Amount per each day of delay
- C. For withdrawal from the Contract for reasons involving the Contractor – 10% of the Approved Contractual Amount
- D. For exceeding the deadline to remove defects and to perform minor overdue works specified in the Taking-Over Certificate or for exceeding the deadline to remove the defects within the period of warranty for failures by the date specified by an Engineer/the Contracting Authority for each day of delay – 0.005% of the Approved Contractual Amount
- 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.