Current report no 76 / 2017

Budimex’s bid selected by Horizont Project Development Sp. z o.o.

The Management Board of Budimex SA announces that on 17 October 2017 it was informed by Horizont Project Development Sp. z o.o. that the bid of Budimex SA was selected as the most advantageous one in the tender procedure for the works involving sealing the roof in the new wood production plant in Biskupiec, implemented by Horizont Project Development Sp. z o.o. Bid value: PLN 17,247,343.2 net The total value of orders with the same employer since July this year has been PLN 127,190,183.74 and it exceeds the threshold of PLN 111,446 million. The highest value order is the contract concluded on 8 August 2017 for the supply of reinforced concrete prefabricated elements for the construction of the new wood production plant in Biskupiec.

Terms of the highest value contract:
Contract value: PLN 59,863,274.18 net
Commencement date: 28 August 2017
Completion date: 29 June 2018
Guarantee period: 5 years
Advance payment: 20% of the Accepted Gross Contract Amount
Terms of payment: within 14 days of the date of delivery of VAT invoices to the Employer, issued for the amounts certified in Payment Certificates
Bank advance payment guarantee: 20% of the net contract value
Bank performance bond: 10% of the Accepted Gross Contract Amount
Defect removal guarantee to release security deposits: 5% of the net contract value
Contractual penalties: n/a

Other contracts:

- concluded on 3 July 2017 - For earthworks, external works and sewage networks for the land property for construction of the new wood production plant in Biskupiec – contract value PLN 26,067,606.36 net.
- concluded on 4 October 2017 – For roof covering and elevation cladding of facilities implemented as part of the construction of the new wood production plant in Biskupiec – contract value PLN 24,011,960 net.