Current report no 40 / 2012

Current report no 40 / 2012 - 20 July 2012 / 00:00

New contract for Budimex SA – Construction of the Stawiski Ring Road

The Management Board of Budimex S.A. reports that on July 20th, 2012 a contract was signed with the GDDKiA Białystok office for the construction of the Stawiski Ring Road on the route of road S-61 from S-8 (Ostrów Mazowiecka) – Łomża – Stawiski – Szczuczyn – Ełk – Suwałki – Budzisko – National Border (Kowno) from kilometre 175 + 202 to kilometre 181 + 691.04, including the construction and reconstruction of the necessary technical infrastructure

  • The contract is worth PLN 99,815,943.09 net
  • Commencement date: no later than 30 days from the date of concluding the contract
  • Work completion date: 15 months from the commencement date
  • Guarantee period: 60 months
  • Financial terms and conditions:
    • Advancement payment: PLN 20,000,000
    • Payment: 30 days from the date of delivering the invoice to the Contracting Authority
    • Bank guarantee of good performance: 5% of the gross asking price
  • Penalties paid by the Contractor:
    • 0.05% of the approved gross contractual amount for each day of delay if the time for completion of works is exceeded
    • 0.02% of the approved gross contractual amount for each day of delay if the execution of the required minimum within the time limit fails
    • 10% of the gross Approved Contractual Amount for withdrawal from the agreement for reasons attributable to the Contractor
  • Penalties paid by the Contracting Authority:
    • 10% of the approved gross contractual amount for withdrawal from the agreement for reasons attributable to the Contracting Authority
  • The Contracting Authority reserves the right to claim supplementary compensation exceeding the amount of liquidated damages and reflecting the amount of damage actually suffered.

The value of the offer exceeds 10% of the equity of Budimex SA.