Decision adopted in the Extraordinary General Meeting of Shareholders of AB Amber Grid
15 October 2022 - 12:00AM
Decision adopted in the Extraordinary General Meeting of
Shareholders of AB Amber Grid
At the Extraordinary General Meeting of Shareholders of AB Amber
Grid (legal entity code 303090867, office address Laisvės pr. 10,
LT-04215 Vilnius, Republic of Lithuania) on 14 October 2022
decision was adopted regarding the approval of the conclusion of
procurement contracts for the reconstruction of sections of the gas
pipeline Vilnius - Kaunas. Contracts will be concluded when all
approvals, decisions and necessary procedures required for the
signing and execution of the contracts have been obtained or
completed, as required by the Articles of Association of AB Amber
Grid and relevant legal acts of the Republic of Lithuania.
The following decision was adopted at the Extraordinary General
Meeting of Shareholders AB Amber Grid:
1. Regarding approval of AB Amber Grid Board’s decision
of 20 September 2022 (minutes No. VLD-19)
Decision adopted:
1. To approve the creation of fixed assets by entering into a
contract of the I procurement part of the project for
reconstruction works (including the preparation of a work project,
except for the purchase of pipes) of a separate section of the Main
Gas Pipeline Vilnius – Kaunas (located at the address of
Kaišiadorių region municipality, the length of which is about 2100
m), and to approve the essential conditions of the Contract:1.1.
Object of the Contract – the reconstruction works (including the
preparation of the work project, except for the purchase of pipes)
of a separate section of the main gas pipeline Vilnius - Kaunas
(located at the address Kaišiadorių region municipality, the length
of which is about 2100 m).1.2. Contractor – UAB DS-1;1.3. Contract
price – EUR 1 632 075,00 (excluding VAT).The Contract price can be
changed:• The customer has the right to refuse part of the works
during the performance of the Contract, but the total value of the
refused works cannot exceed 10 percent of the price.• The customer
has the right to change project solutions, but the total value of
such changes cannot exceed 10 percent of the Contract price.• The
right to increase the scope of Works: no more than 10 percent from
the price of the Contract, for the determination of the price of
additional works mutatis mutandis by applying the provisions
established in the general part of the Contract regarding the
refusal of part of the works.• In the cases and procedure provided
by the Law on Procurement Being Executed by the Contracting
Authorities Engaged in Water Management, Energy, Transport or
Postal Services Sectors of the Republic of Lithuania.• VAT is
calculated according to the rates valid at the time of invoicing.•
The recalculation can be carried out 12 months after the date of
signing the Contract and every 12 months of the execution of the
Contract thereafter, if on the day of the recalculation the annual
change in the price index of the construction costs of engineering
networks published by the Lithuanian Statistics Department for the
relevant month, compared to the value of this index published on
the date of the signing of the Contract, is higher than 5 percent.
Recalculation is carried out by multiplying the Work rates set in
the Proposal by the conversion factor, which is calculated by
dividing the price index of the corresponding month of the current
year by the price index of the corresponding month of the previous
year. Only the rates of those Works that are performed under the
Contract after the price recalculation are recalculated. The
recalculated rates come into effect and are applied only to those
Works that were performed after the date of signing the additional
agreement. The recalculation does not apply to the rates of those
Works which the Contractor is late in performing due to reasons
dependent on him (only for the delayed part of the Works).1.4.
Billing procedure – Transfer and acceptance of Works and payment
for them are carried out in installments for the Works properly and
actually performed during the reporting period (calendar month).
The Customer shall pay the Contractor for the completed Works (or
their part) no later than within 30 days from the date of receipt
of the duly submitted invoice.1.5. Assurance of fulfillment of
obligations – Amount of assurance of fulfillment of the Contract -
10 percent of the Contract price.1.6. The final deadline for the
completion of the works – 30 June 2023. The extension of the
deadline is possible in accordance with the procedure and
conditions provided for in the Contract.1.7. The term of warranty
obligations for materials, products, devices and equipment – 5
years.1.8. The validity period of ensuring the fulfillment of
warranty obligations – 6 years.
2. To approve the creation of fixed assets by entering
into a contract of the II procurement part of the project for
reconstruction works (including the preparation of the working
project and the preparation of the entire project, i.e. purchase of
the pipes provided for in the scope of the I and II-procurement
parts) of a separate section of the Main Gas Pipeline Vilnius –
Kaunas (located at the address of Kaunas region, the length of
which is about 14600 m) and to approve the essential conditions of
the Contract:
2.1. Object of the Contract - reconstruction works (including
the preparation of the working project and the preparation of the
entire project, i.e. purchase of the pipes provided for in the
scope of the I and II-procurement parts) of a separate section of
the Main Gas Pipeline Vilnius – Kaunas (located at the address of
Kaunas region, the length of which is about 14600 m).2.2.
Contractor – UAB MT Group.2.3. Contract price – EUR 10 924 000,00
(excluding VAT).The Contract price can be changed:• The customer
has the right to refuse part of the works during the performance of
the Contract, but the total value of the refused works cannot
exceed 10 percent of the price.• The customer has the right to
change project solutions, but the total value of such changes
cannot exceed 10 percent of the Contract price.• The right to
increase the scope of Works: no more than 10 percent from the price
of the Contract, for the determination of the price of additional
works mutatis mutandis by applying the provisions established in
the general part of the Contract regarding the refusal of part of
the works.• In the cases and procedure provided by the Law on
Procurement Being Executed by the Contracting Authorities Engaged
in Water Management, Energy, Transport or Postal Services Sectors
of the Republic of Lithuania.• VAT is calculated according to the
rates valid at the time of invoicing.• The recalculation can be
carried out 12 months after the date of signing the Contract and
every 12 months of the execution of the Contract thereafter, if on
the day of the recalculation the annual change in the price index
of the construction costs of engineering networks published by the
Lithuanian Statistics Department for the relevant month, compared
to the value of this index published on the date of the signing of
the Contract, is higher than 5 percent. Recalculation is carried
out by multiplying the Work rates set in the Proposal by the
conversion factor, which is calculated by dividing the price index
of the corresponding month of the current year by the price index
of the corresponding month of the previous year. Only the rates of
those Works that are performed under the Contract after the price
recalculation are recalculated. The recalculated rates come into
effect and are applied only to those Works that were performed
after the date of signing the additional agreement. The
recalculation does not apply to the rates of those Works which the
Contractor is late in performing due to reasons dependent on him
(only for the delayed part of the Works).2.4. Billing procedure –
Transfer and acceptance of Works and payment for them are carried
out in installments for the Works properly and actually performed
during the reporting period (calendar month). The Customer shall
pay the Contractor for the completed Works (or their part) no later
than within 30 days from the date of receipt of the duly submitted
invoice.2.5. Assurance of fulfillment of obligations – Amount of
assurance of fulfillment of the Contract - 10 percent of the
Contract price.2.6. The final deadline for the completion of the
works – 30 June 2023. The extension of the deadline is possible in
accordance with the procedure and conditions provided for in the
Contract.2.7. The term of warranty obligations for materials,
products, devices and equipment – 5 years.2.8. The validity period
of ensuring the fulfillment of warranty obligations – 5,1
years.
More information:Laura Šebekienė, Head of Communications of AB
Amber Grid,+370 699 61 246, l.sebekiene@ambergrid.lt
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