Aktuální report č. 8 / 2020

“Extension of the Polish Theatre in Szczecin” - selection of the bid of Budimex S.A.

The Management Board of Budimex S.A. announces that on 24 January 2020 the Polish Theatre in Szczecin selected the bid of Budimex S.A. as the most advantageous bid in the tender procedure for “Extension of the Polish Theatre in Szczecin”.

The information that our bid was ranked the highest in the tender was published on 20 January 2020 in the current report No 6/2020.

Bid value: PLN 159,395,483.76 net

Works commencement date: up to 21 days from the contract date (date of handing-over the construction site)

Works completion date: 32 months from the contract date

Guarantee period: 60 months

Statutory warranty period: 60 months

Advance payment: none

Payment terms: 30 days from the day of the Contractor’s delivery of a correctly issued VAT invoice to the Ordering Party’s office

Bank performance bond: 5% of the gross lump-sum remuneration

Maximum amount of contractual penalty paid by the Contractor: 20% of total gross remuneration due to the Contractor

Contractual penalties payable by the Contractor do not differ from the market standards.

The Ordering Party reserves the right to claim compensation in the amount of actual damage, regardless of the amount of contractual penalty.

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

The bid value exceeds the threshold of PLN 147,743 thousand net.