Date: December 18, 2014 Construction and equipping of the BEYOND.pl IT Research Centre - new contract of Budimex SA

The Management Board of Budimex SA would like to inform you that on 18 December 2014 it concluded a contract with BEYOND.pl Sp. z o.o., with its registered office in Poznań, for construction and equipping of the BEYOND.pl IT Research Centre.

  • Contract value: PLN 102,000,000.00 net.
  • Works commencement date: 24 December 2014.
  • Works completion date: 21 December 2015.
  • Terms of guarantee:
    • 20 years for structured cabling, of which 60 month - the contractor's warranty, and 180 months - manufacturers' warranty;
    • 10 years for steel elements: pillars, bridges, façade grids, latticeworks, steel fence elements, flashing and roof insulation, fuel tanks, of which 60 month - the contractor's warranty, and 60 months - manufacturer's warranty;
    • 60 months for works completed, installations, devices and any other elements of the subject matter of the contract.
  • Financial terms and conditions:
    • Payment: 30 days from the receipt of the VAT invoice by the Ordering Party.
    • Bank performance bond: 10% of contract gross price.
  • Maximum penalties incurred by the Contractor: 15% of net contract value.
  • Contractual penalties shall not exclude the right of the investor/investor's representative to claim damages exceeding liquidated damages provided for in the contract, in accordance with general principles.

The contract value exceeds 10% of the equity of Budimex SA.

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