Budimex.pl

Current report no 84 / 2015

Date: December 14, 2015

Design and construction of S17 express road at Kołbiel–Garwolin section — decision on selection of Budimex SA bid

The Management Board of Budimex SA announces that on 14 December 2015 it was informed by the Lublin Branch of the General Directorate for National Roads and Motorways on the selection of the Budimex SA bid as the most advantageous bid in the limited tender procedure for the task entitled: “Design and construction of S17 express road Warsaw (Zakręt junction) – Garwolin at the section of “Lubelska” junction (excluding the junction) to Garwolin (start of the ring road), divided into three parts: Part No 3: at the section from Kołbiel (end of the ring road) to Garwolin (start of the ring road), from approx. km 27+900 to approx. km 40+915, with a length of approx. 13.015 km”.

  • Bid value:PLN 235,750,000 net.
  • Works commencement date: on the contract date.
  • Works completion date: 34 months from the contract date. The implementation time does not include winter periods (i.e. from 15 December to 15 March).
  • Guarantee periods: 10 years for surface structure (excluding wearing course), acoustical barriers, traffic signs, concrete prefabricates, road engineering structures; 5 years for the wearing course; 4 years for thick layer traffic marks; 3 years for greenery; 1 year for thin layer traffic marks.
  • Financial terms and conditions:
    • Advance payment: from 5% to 10% of the accepted gross contract amount.
    • Payment: 30 days of receipt of a VAT invoice by the ordering party.
    • Bank performance bond: 10% of the accepted gross contract amount.
  • Maximum penalties payable by the contractor:
    • 20% of the accepted gross contract amount.
  • Maximum penalties payable by the ordering party:
    • 15% of the accepted gross contract amount for withdrawal from the contract due to reasons attributable to the ordering party.
  • The ordering party reserves the right to demand supplemental damages in excess of contractual penalties to the amount of the actual loss that was incurred or could be incurred due to improper performance of the contract by the contractor.

The bid value exceeds 10% of the equity of Budimex SA.

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Shareholdership structure as on 20.05.2021

GPWKNFRespect IndexSEGWIG Budownictwo