Current report no 55 / 2014

Current report no 55 / 2014 - 8 July 2014 / 00:00

Construction of a take-off area at the airport in Szymany - a new contract for Mostostal Kraków SA

The Management Board of Budimex SA announces that on 8 July 2014 it was informed by Mostostal Kraków SA (a wholly-owned subsidiary of Budimex) about the signing of a contract with Warmia i Mazury Sp. z o.o. with its registered office in Szymany for “Construction of the take-off area with guardhouse, design development and construction of ILS / DME terrestrial radio navigation aid at the “Mazury” Airport in Szymany under the investment project called: “Olsztyn-Mazury regional airport – entered into the indicative list of key projects of the Regional Operational Programme for Warmia and Mazury for the years 2007-2013”.

  • Contract value: PLN 89,940,641.00 net
  • Commencement date: 14 days from the date of concluding the contract
  • Work completion date: 31.08.2015.
  • Guarantee period: 10 years
  • Financial terms and conditions:
    • Payment: 30 days after the Contracting Authority has received an invoice
    • Bank guarantee of successful completion: 5% of the total gross value
  • Maximum penalties paid by the Contractor: 10% of the gross contractual price.
  • The Parties reserve the right to compensation which exceeds the amount of contractual penalties to the amount of damage actually suffered.

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