Current report no 1/2023

Current report no 1/2023 - 3 January 2023 / 15:21

“Construction of a multi-discipline warehouse building with an administrative section and accompanying infrastructure in Biała Podlaska, together with obtaining an occupancy permit” – signing of the contract

The Management Board of Budimex S.A. informs that on 3 January 2023 Budimex S.A. signed the contract with the District Infrastructure Management Office in Lublin for the execution of construction works on the basis of the developed design and cost documentation, for the task: “Construction of a multi-discipline warehouse building with an administrative section and accompanying infrastructure in Biała Podlaska, together with obtaining an occupancy permit”.

The contract value: PLN 64,828,780.00 zł net

The total value of orders with the same Ordering Party in the last 12 months, including the contract referred to above, has amounted to PLN 202,818,780.00 net.

The highest-valued contract is the contract dated 7.10.2022 for: “Construction of three staff and barracks buildings and an assembly square in Biała Podlaska, together with obtaining an occupancy permit”.

Details regarding the highest-valued contract: PLN 137,990,000.00 net

Works commencement date:  03.11.2022

Works completion date: 32 months from the contract signing date

Guarantee period: 5 years from the date of signing the final acceptance certificate for the construction works

Warranty period: 5 years from the date of signing the final acceptance certificate for the construction works

Payment terms: 21 days from the day of delivery of a correctly issued VAT invoice to the Ordering Party by the Contractor.

Performance bond: 3% of the gross price, deposited in the form of an insurance guarantee

Maximum amount of contractual penalty paid by the Contractor:  30% of gross remuneration

The Ordering Party may seek compensation under general rules if the amount of loss sustained exceeds the amount of the stipulated contractual penalty.

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

The total value of orders with the same Ordering Party in the last 12 months has exceeded the threshold of PLN 158,224 thousand net.