Aktuální report č. 27 / 2010

Information on the selection of the bid by Budimex S.A.– A4 Dębica Pustynia – Rzeszów Zachodni

The Management Board of Budimex S.A. reports that they received information from the General Directorate for National Roads and Motorways division in Rzeszów on the selection of the most favourable offer by Budimex S.A. as the most favourable in a limited tender procedure for “construction of A-4 motorway section from the Dębica Pustynia junction to the Rzeszów Zachodni junction from about km 537+550 to about km 570+300” on March 26, 2010

• Contract value: PLN 1,418,410,998.99 net
• Commencement date: after concluding the contract
• Deadline: 24 months from the commencement date
• Guarantee: 60 months
• Financial conditions: 
  • advance payment – 5% of the contract value payment – 49 days after the Contracting Authority has received a VAT invoice
  • bank guarantee of advance payment – 5% of the contract value
  • bank guarantee of successful execution – 5% of the contract value
• Contractual penalties paid by the Contractor:
  • A. For exceeding the Deadline for the Completion of Works – 0.01% of the Approved Contractual Amount per each day of delay
  • B. For withdrawal from the Contract for reasons involving the Contractor – 10% of the Approved Contractual Amount
  • C. For failure to perform the Required Minimum Performance within the deadline – 0.01% of the Approved Contractual Amount per each day of delay
• Contractual penalties paid by the Contracting Authority:
  • A. The Contracting Authority will pay a contractual penalty of 10% of the approved contractual amount to the Contractor for withdrawal from the contract for reasons attributable to the Contractor
• The Parties reserve the right to supplementary compensation which adapts the amount of contractual penalties to the amount of damage actually suffered.

The contract value exceeds 10% of the equity of Budimex S.A.