Aktuální report č. 44 / 2014

Expressway S5 Poznań - Wrocław - selection of the bid submitted by Budimex SA

The Management Board of Budimex SA announced that on 27 May 2014 it was informed by the General Directorate for National Roads and Motorways about the selection of the bid placed by the consortium of Budimex SA (consortium leader with 50% share) and Heilit+Woerner Sp. z o.o. (consortium partner with 50% share) as the most favourable in the proceedings concerning the public procurement procedure for "Design and construction of the S5 expressway Poznań – Wrocław at the section Korzeńsko (excluding the junction point) – Widawa Wrocław junction point, task 1, section from Korzeńsko (km approx. 108+758) to km 123+700".

• Contract value: PLN 468,500,000.00 net
• Commencement date: date of the contract
• Deadline: 30 months from the date of signing the contract. Winter periods (i.e. between 15 December -and 15 March) shall not be included in the completion deadline
• Guarantee period: 10 years
• Financial terms and conditions:
  • Advance payment: between 1% and 5% of the approved gross contractual amount
  • Payment: within 30 days after the Contracting Authority has received an invoice
  • Performance bond: 10% of the approved gross contractual amount
• Penalties payable by the Contractor:
  • 15% of the approved gross contractual amount with respect to withdrawal from the contract, and in the case of withdrawing from a part of works – 15% of the value of such works.
  • For exceeding the deadline – 0.01% of the approved gross contractual amount for each day of delay, 0.03% of the approved gross contractual amount for each day of delay in the third and fourth week, 0.05% of the approved gross contractual amount for each day of delay in each subsequent week beginning from the fifth week.
  • For a failure to execute each of the required minimum (milestones) by the deadline adopted – 0.02% of the approved gross contractual amount for each day of delay, contractual penalties for a failure to meet each of the terms and conditions concerning the required minimum shall be charged separately.
  • For a failure to report any subcontractor, supplier, service provider – PLN 30,000 per each unreported subcontractor, supplier or service provider.
  • For execution of works other than defined in the bid with the help of subcontractors without the consent of the Contracting Authority – 10% of the value of works executed by subcontractors.
• Penalties payable by the Contracting Authority:
  • 15% of the approved gross contractual amount for withdrawal from the contract for reasons attributable to the Contracting Authority.
• The Contracting Authority reserves the right to compensation which exceeds the amount of contractual penalties to the amount of damage actually suffered.

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