Current report no 79 / 2011

Current report no 79 / 2011 - 20 September 2011 / 00:00

Construction of the Congress Centre in Krakow - a new contract for Budimex SA

The Management Board of Budimex S.A. announces that on 20 September 2011 the consortium of Budimex S.A. (leader) and Ferrovial Agroman S.A. (partner) signed a contract with the Municipality of Krakow on the construction of the Congress Centre (Rondo Grunwaldzkie) in Krakow – second stage of completion.

  • The contract is worth PLN 257,994,160.00 net
  • Work commencement date: on the date of signing the contract
  • Deadline: up to 35 months from the date of concluding the contract
  • Guarantee period: 60 months
  • Financial terms and conditions:
    • Payment: 30 days from the data of delivering the invoice to the contracting authority
    • Bank guarantee of successful execution: 7% of the gross contract value
  • Maximum penalties: 20% of the net contract value
  • The contracting authority is entitled to supplementary compensation which carries contractual penalties to the amount of damage actually suffered

The value of the offer exceeds 10% of the equity of Budimex S.A.