Budimex.pl

Current report no 42 / 2018

Date: June 21, 2018 2:29 PM

Execution of construction works consisting in reconstruction, extension and modification of the manner of use of the facilities comprising the Rother's Mills (together with accompanying infrastructure) on Mill Island in Bydgoszcz- signing of the contract

The Management Board of Budimex SA announces that on 21 June 2018 Budimex S.A. and the city of Bydgoszcz concluded the contract for “Execution of construction works consisting in reconstruction, extension and modification of the manner of use of the facilities comprising the Rother's Mills complex together with accompanying infrastructure on Mill Island in Bydgoszcz”. The Company announced that the bid was evaluated as the best one in the tender and selected as the most advantageous one on 28 May 2018 in the current report No 32/2018, and on 6 June 2018 in the current report No 35/2018.

 

The total number of orders with the same Ordering Party in the last 12 months amounted to PLN 149,217,958.06 net. The highest value order is the above-named contract.

 

Terms of the highest value contract:

 

Contract value: PLN 74,899,558.83 net

 

Works commencement date: as agreed by both parties – upon hand-over of construction site

 

Works completion date: 29.12.2020

 

Guarantee period: until 30.12.2027

 

Advance payment: none

 

Payment terms: 30 days from the date of delivery of a correctly issued invoice by the Contractor

 

Bank performance bond: 10% of the total gross value

 

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

 

Contractual penalties payable by the Contractor do not deviate from market standards.

Contractual penalties payable by the Ordering Party – do not deviate from market standards.

Other terms and conditions of the contract do not differ from the market standards.

 

The parties reserve the right to supplemental damages in excess of the contractual penalties up to the amount of the actual loss which was incurred.

Total value of contracts signed between Budimex and its subsidiary and the city of Bydgoszcz, including the contract value, exceeds the threshold of PLN 127,386 thousand net.

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