Current report no 47 / 2012

Current report no 47 / 2012 - 21 August 2012 / 00:00

New Budimex contract – Construction of an access road for the Lublin ring road

The Management Board of Budimex SA reports that on 21 August 2012 it concluded a contract with the Road and Bridge Board of Lublin for the construction of an access road to the “Dąbrowica” junction of the Lublin ring road on the route of express roads S12, S17 and S19 (the section between the intersection of Al. Solidarności and Al. Warszawska and the city boundaries).

  • Value of the offer: PLN 259,600,000.00 net.
  • Commencement date: 14 days after the construction site has been handed over, the handover of the construction site will take place within 30 days from the date of concluding the contract
  • Deadline: 30 September 2014
  • Guarantee period: 36 months
  • Financial terms and conditions:
    • 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:
    • 0.1% of gross contractual remuneration for every day of delay in carrying out the object of the contract
    • 0.1% of gross contractual remuneration for each day of delay in removing defects discovered during (all) acceptance procedures or during the guarantee and warranty periods
    • 0.1% of gross contractual remuneration for a break of more than 14 days in carrying out the object of the contract resulting from reasons attributable to the contractor
    • 0.1% of gross contractual remuneration for each day of delay in providing the Contracting Authority with the originals of the contracts with subcontractors
    • 5% of gross contractual remuneration if the works are carried out by an entity other than the entity accepted by the Contracting Authority
    • 10% of gross contractual remuneration for the Contracting Authority withdrawing from the contract for reasons attributable to the Contractor
    • 10% of gross contractual remuneration for the Contractor withdrawing from the contract
  • Penalties paid by the Contracting Authority:
    • 10% of gross contractual remuneration for withdrawal from the agreement for reasons attributable to the Contracting Authority

The Parties reserve 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 S.A.