Budimex.pl

Current report no 6 / 2017

Date: February 13, 2017 12:21 PM

Performance of civil works in LCS Kutno – Żychlin-Barłogi section under project named “Works on the E20 railway line at the Warszawa – Poznań section – other works, Sochaczew – Swarzędz section” – information on the selection of the Budimex SA, ZUE SA, St

Performance of civil works in LCS Kutno – Żychlin-Barłogi section under project named “Works on the E20 railway line at the Warszawa – Poznań section – other works, Sochaczew – Swarzędz section” – information on the selection of the Budimex SA, ZUE SA, Strabag Group companies consortium bid.

 

The Management Board of Budimex SA declares that on 13 February 2017 it was notified by PKP Polskie Linie Kolejowe SA about the selection of the bid of the consortium of Budimex SA (consortium partner, 33%), ZUE SA and Strabag Group companies (Strabag Sp. z o.o., Strabag Rail A.S., Strabag Rail GmbH, Strabag Áltálanos Épitó Kft) as the most advantageous bid in the procedure for the performance of civil works in LCS Kutno – Żychlin-Barłogi section under project named “Works on the E20 railway line at the Warszawa – Poznań section – other works, Sochaczew – Swarzędz section” implemented under the Connecting Facility Europe (CEF) EU financial instrument.

 

Bid value: PLN 560,012,343.86 net.

 

Works commencement date: the day after the day on which the Contract is signed by last of the Parties.

Works completion date: 42 months from the works commencement date.

Guarantee period: 72 months starting from the day on which the Work Acceptance Certificate is issued.

 

Financial terms:

Advance payment: up to 10% of the gross Accepted net Contract Amount one time, if the Contractor asks for advance payment.

Payment: within 30 days from the date of receipt by the Employer of a valid invoice in accordance with the annexed Interim Payment Certificate and acceptance certificates. The same payment deadlines apply for the Final Payment Certificate.

Bank performance bond: 10% of the Accepted Gross Contract Amount.

Maximum penalties: 30% of the Accepted Gross Contract Amount.

 

Contractual penalties do not prejudice the Employer’s right to seek damages exceeding liquidated damages provided for in the contract, in accordance with general principles.

 

The value of the selected bid exceeds the threshold of PLN 102,680 thousand.

 

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