Current report no 43 / 2012

Current report no 43 / 2012 - 30 July 2012 / 00:00

Protection of sea coasts east of Port Darłowo - a new contract for Budimex SA

The Management Board of Budimex. SA reports that on 30 July 2012 the consortium of Budimex SA (leader) and Ferrovial Agroman SA (partner) signed a contract with the Maritime Office in Słupsk with regard to the task entitled “Protection of sea coasts east of Port Darłowo”.

  • The net value of the contract is PLN 75,832,369.85
  • Commencement date: not later than 3 days after handing over the construction site
  • Deadline: 30 January 2014
  • Guarantee period: 60 months
  • Warranty period: 12 months after the expiry of the guarantee period
  • Financial terms and conditions:
    • Payment: 21 days from the date of delivering the invoice to the Contracting Authority
    • Bank performance bond – 10% of the gross asking price
  • Penalties paid by the Contractor:
    • 0.05% of the net contractual price for each completed calendar day exceeding the deadline for the subject matter, for the delay in handing over the subject matter to the Contracting Authority
    • 0.02% of the net contractual price for each completed day of delay calculated from the date agreed for the removal of defects until their removal, for the delay in removal of defects in the subject matter of the contract detected on delivery or during the guarantee period specified in this contract
    • 10% of the net contractual price in case of termination or withdrawal from the contract for reasons attributable to the Contractor
  • The Parties reserve the right to supplementary compensation, which carries a value of contractual penalties equal to the amount of damage actually suffered.

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