Budimex.pl

Current report no 69 / 2010

Date: September 20, 2010

Construction of access roads to the Lublin ring-road - information about the selection of the offer by Budimex SA

The Management Board of Budimex SA reports that on 20th September 2010 it received from the Public Procurement Office of the Lublin City Office in Lublin information about about the selection of the offer by Budimex S.A. as the most favourable offer in the proceedings concerning the public procurement procedure carried out by a limited tender procedure for construction works: "Access roads to the Lublin ring-road – extension of ul. Mełgiewska towards the "Mełgiew" junction along express roads S12, S17 and S19".

  • Net contract value: PLN 152,315,279.91
  • Commencement date: no later than 30 days after concluding the contract
  • Completion date: 18 months after concluding the contract (excluding the period between 15th December and 15th March)
  • Guarantee period: 60 months
  • Financial conditions:
    • Advance payment: 10% of the gross contract value
    • Payment: 49 days after the Contracting Authority has received a VAT invoice
    • Bank guarantee of successful execution – 5% of the approved gross contractual amount
  • Contractual penalties paid by the Contractor:
    • For exceeding the deadline for the completion of works - 0.01% of the approved contractual amount per each day of delay;
    • For terminating the Contract for reasons attributable to the Contractor – 10% of the approved contractual amount;
    • For failure to perform the required minimum performance on the agreed date - 0.01% of the approved contractual amount per each day of delay.
  • Penalties paid by the Contracting Authority:
    • For renouncing the Contract for reasons attributable to the Contracting Authority – 10% of the approved contractual amount; The penalty shall not be binding whenever the contract has been renounced on grounds referred to in Sub-clause 15.2 FIDIC and in Article 145 of the Public Procurement Act.
  • The Parties reserve the right to supplementary compensation, which carries the amount of contractual penalties equal to the amount of damage actually suffered.

The contract value exceeds 10% of the equity of Budimex S.A.

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Shareholdership structure as on 20.05.2021

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