News

Current report no. 11/2023 (02:13 p.m.)

Subject:
Signing of a Significant Contract with a value of EUR 12.6 million (PLN 59.3 million) net for Construction Works with LINDE GmbH

Legal basis:
Article 17(1) MAR - confidential information.

Report content:
The Management Board of ERBUD S.A. (Issuer) hereby announces that today it has received a Significant Contract with a value of EUR 12.6 million (PLN 59.3 million) net for Construction Works signed by both parties with LINDE GmbH under the conditions listed below:
1. Contract date: 2023.03.24
2. Investor (exact name and registered office): “LINDE GmbH, Linde Engineering Dr.-Carl-von-Linde-Str. 6-14; 82049 Pullach”
3. Contract value (PLN, net): EUR 12,631,386.74 / PLN 59,255,098.34
4. Subject of the Contract: Construction works
5. Place of performance of the Contract: Płock
6. Implementation deadlines:
1. Site handover and all intermediate dates - in accordance with the Schedule.
2. Completion of works: by 16.05.2024
7. Payment terms: Invoicing according to progress one time per month, payment term 30 days
8. Performance bond (value, duration): 10% of the net remuneration in the form of a bank guarantee during the period of performance deadlines
9. Retention bond (term value): 5% of the net remuneration in the form of a bank guarantee, reduced during the respective guarantee period
10. Other guarantees (type of guarantee, value, duration): Do not deviate from market standards, basic guarantee of 40 months
11. Penalties: “The penalties shall not deviate from market conditions for this type of contract. The total amount of liquidated damages shall not exceed 10% of the Remuneration.”
12. Notes: Subcontracted construction work for Linde GmbH

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