Aktuální report č. 80 / 2014

Construction of the S19 expressway Lubartów-Kraśnik – information about selection of the Budimex SA offer

The Management Board of Budimex SA announces that on 3 October, 2014 it was informed by the General Directorate for National Roads and Motorways, Branch in Lublin, about the selection of the bid placed by Budimex SA as the most favourable in the proceedings concerning the public procurement procedure under the limited tender "Construction of the S19 expressway Lubartów-Kraśnik at the section from Dąbrowica junction (without the junction) to Konopnica junction (with the junction) and connection with existing national road no. 19 together with relocating a section of provincial road no. 747 at the section from Konopnica junction to national road no. 19."

• Value of the bid: PLN 344,618,042.59 net.
• Commencement date: date of the contract. The building site will be handed over within 30 days from the date of concluding the contract.
• Completion deadline: 19 months after the date of concluding the contract (winter periods, i.e. between 15 December and 15 March, shall not be included in the completion deadline).
• Guarantee periods: 10 years.
• Financial terms and conditions:
  • Advance payment: between 5% and 10% of the approved gross contractual amount
  • Payment: 30 days after the Contracting Authority receives a VAT invoice.
  • Performance bond: 10% of the approved gross contractual amount.
• Maximum penalties payable by the Contractor:
  • 20% of the approved gross contractual amount.
• 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 claim supplementary damages, increasing the amount of liquidated damages to the amount of the actual damage which has been suffered or may have been suffered as a result of the Contractor's improper performance of the contract.

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