Current report no 2 / 2019

Construction works at Gdynia Port railway station – Budimex SA bid rated highest

The Management Board of Budimex S.A. announces that on 8 January 2019 it was notified that PKP Polskie Linie Kolejowe S.A. rated highest the Company’s bid in the tender procedure for the construction works at Gdynia Port railway station as part of the Project entitled “Improvement of railway access to the sea port in Gdynia”.

The aforementioned information does not mean selecting the bid of Budimex S.A. as the most advantageous one, because the procedure concerning the tender evaluation has not yet been finally completed.

The bid value exceeds the amount earmarked by the Ordering Party for the implementation of the contract.

Bid value: PLN 1,487,398,373.98 net.

Works commencement date: date following the date of signing the Contract

Completion date: 30 months from the Works commencement date

Guarantee period: 60 months

Statutory warranty period: 60 months

Maximum penalties paid by the Contractor: The total amount of penalties charged shall not exceed 30% of the Accepted Gross Contract Amount

Advance payment: 10% of the Accepted Gross Contract Amount

Payment terms: 30 days from the day of delivery of a correct VAT invoice to the Ordering Party by the Contractor

Bank performance bond: 10% of the total gross price

Payment of a contractual penalty does not prejudice the Ordering Party’s right to seek damages exceeding liquidated damages provided for in the contract, in accordance with general principles, including those resulting from the loss of EU funding, if the loss of this funding was for reasons attributable to the Contractor.

Other terms and conditions of the contract do not differ from the market standards.

The bid value exceeds the threshold of PLN 127,386 thousand net.