Current report no 8 / 2013

Current report no 8 / 2013 - 11 February 2013 / 00:00

Alteration of the Teaching Hospital of the Medical University in Białystok – a new contract for Budimex SA

The Management Board of Budimex SA reports that on 11 February 2013 the consortium consisting of Budimex SA (Lead Partner) and Ferrovial Agroman SA (Partner) and the Medical University in Białystok signed a contract for building and assembly works, indoor systems in buildings A, B, C, D and E, upward expansion of buildings D1 and E1, allocation of clinics and construction of car park P2 as part of the project “Alteration and Expansion of the Teaching Hospital of the Medical University in Białystok”.
Net contract value: PLN 137,753,000.00
Commencement date: 01.04.2014
Deadline: 28.03.2017
Guarantee period: 36 months for works covered by the subject of the contract, 120 months for roofing and ceiling materials.
Financial terms and conditions:
Terms of payment: 30 days from the delivery of the invoice to the Contracting Authority.
Bank performance bond: 10% of the gross asking price.
Penalties paid by the Contractor:
10% of the gross contract value for withdrawing from the contract by any party due to reasons for which the Contractor is responsible,
0.1% of the gross contract value for each day of delay in contract performance,
0.01% of gross contract value for each day of delay in removing defects discovered during the acceptance procedure or revealed during the guarantee and warranty periods.
The Contracting Authority may seek damages in excess of the amount of stipulated liquidated damages.
The contract value exceeds 10% of the equity of Budimex S.A.