Budimex.pl

Current report no 45 / 2019

Date: July 5, 2019 1:46 PM

“Continuation of works related to the construction of the A1 motorway on the Rząsawa – Blachownia node section within the scope of protective works” – selection of consortium’s bid

The Management Board of Budimex S.A. announces that on 05.07.2019, the General Directorate for National Roads and Motorways Branch in Katowice, ul. Myśliwska 5, 40-017 Katowice, notified the Company that the consortium’s bid was selected as the most advantageous one in the tender procedure for the “Continuation of works related to the construction of the A1 motorway on the Rząsawa – Blachownia node section within the scope of protective works”.

 

The information that consortium’s bid was rated highest in the tender procedure was announced in the current report No. 36/2019 of 17 June 2019.

 

The bid was submitted by the consortium consisting of: STRABAG Infrastruktura Południe Sp. z o.o. (Consortium Leader 45%), Budimex S.A. (Consortium Partner 45%), Budpol Sp. z o.o. (Consortium Partner 10%).

 

Bid value: PLN 353,172,269.55 net

 

Works commencement date: on the contract conclusion date

 

Works completion date: 15.12.2019

 

Guarantee period: Surfaces made of cement concrete – in accordance with the Contractor’s bid, i.e. 5 years

 

Statutory warranty period: 60 months from the date specified in the Work Acceptance Certificate

 

Advance payment: none

 

Payment terms: up to 14 days from the day of delivery of a correct VAT invoice to the Ordering Party by the Contractor

 

Bank performance bond: 5% of the Accepted Gross Contract Amount

 

Maximum amount of contractual penalty paid by the Contractor: 20% of the Accepted Contract Amount

 

Maximum amount of contractual penalty paid by the Ordering Party: 15% of the Accepted Contract Amount in the case of withdrawal from the contract by the Contractor due to the Ordering Party’s fault

 

The Ordering Party reserves the right to demand supplemental damages in excess of contractual penalties to the amount of the actual loss that was incurred or could be incurred due to the improper performance of the contract by the Contractor.

 

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

 

Total value of contracts signed between Budimex and its subsidiaries and the General Directorate for National Roads and Motorways Branch in Katowice, including the bid value, exceeds the threshold of PLN 147,743.00 net.

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Shareholdership structure as on 30.06.2018

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