The Management Board of Budimex SA reports that on 14 March 2013 it was informed by Celowy Związek Gmin “PROEKOB”, based in Bełżyce, that the Budimex SA tender had been chosen as the best one in the open tender public procurement procedure for “Construction of the Waste Management Plant in Bełżyce for Celowy Związek Gmin “PROEKOB”, based in Bełżyce, ul. Lubelska 3.”
Contract value: 36,502,613.01 zlotys net
Commencement date: once the construction site has been handed over
Deadline: 30.11.2013.
Guarantee period: 36 months
Financial terms and conditions:
Term of payment: 30 days from the delivery of the invoice to the Contracting Authority.
Performance bond: 5% of the gross remuneration
Penalties payable by the Contractor:
0.1% of the gross remuneration for each day of delay in performing the subject matter of the contract
0.1% of the gross remuneration for each day of delay in removing defects discovered during the acceptance procedure or during the guarantee and warranty periods
10% of the gross remuneration if the activities reserved for the Construction Site Manager and Works Managers are performed by some person other than the person stipulated in the Bid and approved in the contract (or an addendum thereto) by the Contracting Authority
10% of the gross remuneration for contract rescission or termination for reasons attributable to the Contractor
15% of the gross remuneration if the works under the Contract are performed by an entity other than the Contractor or a Subcontractor approved by the Contracting Authority in writing
Penalties payable by the Contracting Authority:
0.1% of the gross remuneration for each day of delay in handing over of the construction site
10% of the gross remuneration for withdrawal from the contract for reasons attributable to the Contracting Authority
If the value of the damage exceeds the contractual penalties, the Contracting Authority shall have the right to claim compensation on general terms.
The contract value exceeds 10% of the equity of Budimex SA.