Aktuální report č. 82 / 2014

Construction of Jarocin ring road – information on the selection of the Budimex SA offer

The Management Board of Budimex SA announces that on 8 October, 2014 it was informed by the General Directorate for National Roads and Motorways, branch in Poznań, about the selection of the bid placed by Budimex SA as the most favourable in the proceedings concerning the public procurement procedure within the limited tender “Construction of Jarocin ring road in the area of the S11 road”.

• Value of the bid: PLN 238,533,199.80 net.
• Commencement date: date of the contract.
• Deadline: 24 months from the date of concluding the contract.
• Guarantee periods: 10 years.
• Financial terms and conditions:
  • Payment: 30 days after the Contracting Authority receives a VAT invoice.
  • Performance bank guarantee: 10% of the gross contract value
• Maximum penalties paid by the Contractor: 20% of the approved gross contractual amount.
• Penalties payable by the Contracting Authority: if the Contractor rescinds the contract for reasons attributable only to the Contracting Authority, 15% of the approved gross contractual amount.
• 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.