Reconstruction of the Voivodship Hospital for Children in Bydgoszcz - a new Budimex contract
The Management Board of Budimex S.A. notifies that on 5th April 2011 a consortium of companies comprising: Budimex SA (the leader), P.B.U. Budopol SA with its registered office in Bydgoszcz, P.W. EBUD-Przemysłówka Sp. z o.o. with its registered office in Bydgoszcz and P.W. “LECH” Sp. z o.o. with its registered office in Bydgoszcz executed an agreement with Kujawsko-Pomorskie Medical Investments Sp. z o.o. with its registered office in Toruń concerning the reconstruction and extension of the J. Brudziński Voivodship Hospital for Children in Bydgoszcz. It is the second contract executed with the same ordering party. On 4th April 2011 Budimex SA executed an agreement worth 32,499,976 PLN net concerning the reconstruction of the Park of Active Rehabilitation and Sport within the complex of buildings of the Centre of Oncology in Bydgoszcz.
- Net value of the agreement: 98,943,253.85 PLN.
- The deadline for commencement of works: after handover of the construction area which is to take place within 15 days from the date of signing the agreement
- The deadline for completion of works: 05.06.2013
- Guarantee period: 60 months from the date of the final acceptance inspection
- Financial conditions:
- Advance payment: 15% of the gross contract value
- Payment: 30 days from the date of receipt of a correctly issued invoice from the Ordering Party.
- Bank performance bond: 5% of the gross contract amount.
- Contractual penalties paid by the contractor:
- For delay in completion of performance of the subject of the agreement, 0.02% of gross remuneration for each day of delay;
- For delay in rectifying defects identified at the acceptance inspection or in the guarantee period, 0.1% of gross remuneration for each day of delay counting from the day specified by the Ordering Party for rectifying the defects;
- For renouncement of the agreement by the Ordering Party for reasons not including the Ordering Party, 10% of gross remuneration;
- Contractual penalties paid by the ordering party:
- For renouncement of the agreement for reasons including the Ordering Party, 10% of gross remuneration, except for renouncement of the agreement in the case of discontinuation of financing by the Investment Bank or the emergence of an essential change of circumstances making the performance no longer in the public interest.
- The Parties reserve the right to supplementary damages adjusting the amount of liquidated damages to the amount of the actual damage.
The total value of the contracts executed by Budimex with the Kujawsko-Pomorskie Medical Investments Sp. z o.o. in the period of 12 months exceeds 10% of the equities of Budimex SA.