20.10.2010
Construction of an office building complex: Libra Business Center – coming into force of the contract
The Management Board of Budiemx SA announces that it was informed by Palatium Sp. z o.o. Sk with its registered office in Warsaw on the coming into force of a conditional contract of 24 March 2010 for construction of the office building complex: Libra Business Center – stage I, building B, on 21 October 2010.
- Contract value: PLN 61,997,140.68 net
- Commencement date: three days from the date of the construction site transfer.
- Deadline: 15 months from the date of the contract becoming effective
- Guarantee period:
- 120 months for the structure
- 60 months for roof coverings and fitted carpets
- 48 months for remaining work
- Financial conditions:
- Payment: 30 days after the Investor has received a VAT invoice
- Deposit: 5% of the net contract value
- Bank deposit for successful execution: 5% of the net contract value
- Contractual penalties: total limit of penalties for delay – 10%
- The Investor reserves the right to supplementary compensation in excess of contractual penalties up to the amount of damage actually suffered.
The contract value exceeds 10% of the equity of Budimex SA
