Budimex.pl

Current report no 25 / 2018

Date: May 8, 2018 11:53 AM

Signature of a contract for Construction of the Southern Section of Żelazny Most Waste Treatment Facility - Stage I (Phase 1,2,3).

The Management Board of Budimex SA announces that on 8 May 2018 Budimex SA concluded a contract with KGHM Polska Miedź SA for Construction of the Southern Section of Żelazny Most Waste Treatment Facility - Stage I (Phase 1,2,3). The company informed that Budimex’s bid had been selected as the most advantageous one in current report No 19/2018 of 11 April 2018.

 

Contract value: PLN 578,000,000 net

 

Works commencement date: 21.05.2018

 

Works completion date: 31.12.2021

 

Guarantee period: 60 months

 

Statutory warranty period: 60 months

 

Advance payment: none

 

Payment terms: 60 days from the date of a correctly issued invoice by the Contractor

 

Performance bond: 5% of gross remuneration

 

Contractual penalties: the total value of contractual penalties due for the Ordering Party shall not exceed 20% of the Accepted Contract Amount

 

Bond for the guaranty and statutory warranty period: 30% of the performance bond amount

 

The Ordering Party reserves the right to demand supplemental damages in excess of contractual penalties up to the amount of the actual loss that was incurred. The Parties reserve the right to claim damages in excess of the stipulated contractual penalties, or damages arising from events for which no contractual penalties have been stipulated, on general terms.

 

The value of the contract exceeds the threshold of PLN 127,386 thousand net.

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Shareholdership structure as on 17.05.2019

GPWKNFRespect IndexSEGWIG Budownictwo
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