Current report no 94 / 2011

Current report no 94 / 2011 - 12 December 2011 / 00:00

Regional Waste Management Plant in Słajsin - a new contract for Budimex SA

The Management Board of Budimex SA announces that on 12 December 2011 a contract was signed with the Goal-oriented Union of Communities R-XXI with the seat in Nowogard (72-200), ul. Bohaterów Warszawy 34, on the construction of the Regional Waste Management Plant.

  • Net contract value: PLN 64,913,363.00
  • Construction site transfer date – 7 days from the date of concluding the Contract
  • Deadline for the notification on Commencement Date: not longer than 7 days from the date of concluding the Contract
  • Deadline: 30 December 2012
  • Defects Notification Period: 36 months, 60 month for roads, squares and other paved surfaces
  • Financial terms and conditions:
    • Payment: 30 days from the date of acceptance by the Customer of the invoice consistent with the Certificate of Interim/Final Payment. Interim payments in the amount up to 90% of the Contractual Amount. Minimum amount for the Certificate of Interim Payment: PLN 1,000,000.00. Final settlement – 10% of the Contractual Amount shall be due to the contractor after issuing the Certificate of Acquisitions for the Works
    • Bank guarantee of successful execution: 5% of the gross contractual amount
  • Contractual penalties paid by the Contractor:
    • 0.05% of the Approved Contractual Amount per each day for a break in the execution of the Works lasting more than 21 days;
    • 0.05% of the Approved Contractual Amount per each day for delay in execution of the Works or Section;
    • 0.01% of the Approved Contractual Amount per each day for delay in removing defects or faults;
    • 5% of the Approved Contractual Amount for withdrawal from the agreement for reasons attributable to the Contractor;
  • Maximum sum of contractual penalties: 100% of the Approved Contractual Amount
  • Works will be carried out in accordance with FIDIC Contract Conditions CONTRACT CONDITIONS FOR CONSTRUCTION for the construction and engineering works designed by the Customer” issue No. 4unchanged English-Polish version 2008, (translation of 1st issue FIDIC 1999), prepared and published by the International Federation of Consulting Engineers (Fédération Internationale des Ingénieurs-Conseils – FIDIC).