Current report no 36 / 2018

Design and construction of A1 Motorway: Tuszyn (without junction) – border of Łódź and Silesia provinces

“Design and construction of A1 Motorway: Tuszyn (without junction) – border of Łódź and Silesia provinces from km 335+937.65 to km 399+742.51. Section A – Tuszyn junction (without junction) – Bełchatów junction (including junction) from km 335+937.65 to km 351+800.00”

The Management Board of Budimex SA announces that on 7 June 2018 it was informed by the Łódź Branch of the General Directorate for National Roads and Motorways about the selection of the bid of the Consortium of Budimex SA (Consortium leader with 50% of shares) and Strabag Sp. z o.o. (Consortium partner with 50% of shares) as the most advantageous bid in the tender procedure entitled: “Design and construction of A1 Motorway: Tuszyn (without junction) – border of Łódź and Silesia provinces from km 335+937.65 to km 399+742.51. Section A – Tuszyn junction (without junction) – Bełchatów junction (including junction) from km 335+937.65 to km 351+800.00.”

Bid value: PLN 389,328,410.46 net.

Works commencement date: date of concluding the contract by and between the Ordering Party and the Contractor

Works completion date: 32 months from the date of the Contract conclusion (including obtaining the decision on the permit for use). The implementation time does not include winter periods, (i.e. from 15 December to 15 March). The design time includes winter periods (i.e. from 15 December to 15 March).

Guarantee period for main works: from 5 to 10 years

Statutory warranty period: 60 months

Advance payment: from 5% to 10% of the Accepted Gross Contract Amount.

Payment terms: 30 days from the submitting to the Ordering Party a properly issued VAT invoice.

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

Maximum penalties payable by the Contractor: up to 20% of the Accepted Gross Contract Amount

Penalties to be paid 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 Employer 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 the improper performance of the Contract by the Contractor.

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

The bid value exceeds the threshold of PLN 127,386 thousand net.