Current report no 56 / 2013

Current report no 56 / 2013 - 30 August 2013 / 00:00

Protecting the sea coast in Wicko Morskie - a new contract of Budimex SA

The Management Board of Budimex SA announces that on 30 August 2013 a contract for the protection of the sea cost within the limits of the Central Air Force Training Area Wicko Morskie was signed with the State Treasury – Sea Authority in Słupsk.

  • Net contract value: PLN 40,545,638.00
  • Commencement date: on the date of concluding the contract
  • Works completion date: 30.04.2015.
  • Term of guarantee: 60 months
  • Financial conditions:
    • Payment: 30 days from the delivery of the invoice to the Contracting Authority.
    • Performance bond: 10% of the gross contract value
  • Liquidated damages paid by the contractor:
    • PLN 10,000 for each commenced day of delay in implementing the planned construction works
    • 5% of the net contract value for withdrawing from the contract for reasons attributable to the contractor
      Liquidated damages paid by the contracting authority:
    • 5% of the net contract value for withdrawing from the contract for reasons attributable to the contracting authority
  • The contractor has the right to claim compensation in excess of the liquidated damages.

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