Budimex.pl

Current report no 62 / 2018

Date: September 14, 2018 1:55 PM

Design and construction of A-1 Motorway: Tuszyn (without junction)- border of Łódź and Silesia provinces from km 335+937.65 to km 399+742.51. Section C- signing of the contract

The Management Board of Budimex SA announces that on 14 September 2018 the General Directorate for National Roads and Motorways Branch in Łódź concluded with the Consortium of Strabag Sp. z o.o. (leader: with 50% of shares) and Budimex SA (partner: with 50% of shares) the contract for the: “Design and construction of A-1 Motorway: Tuszyn (without junction) – border of Łódź and Silesia provinces from km 335+937.65 to km 399+742.51. Section C – junction: Kamieńsk (without junction) – junction: Radomsko (with junction) from km 376+000.00 to km 392+720.00.

 

We provided the information about the fact that the bid of the Consortium was rated highest and selected as the most advantageous one in the tender procedure in the current report no. 43/2018 dated 25 June 2018 and in the current report no. 52/2018 dated 25 July 2018.

 

Contract value: PLN 465,970,040.74 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 submission of a properly issued VAT invoice to the Ordering Party

 

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

 

Contractual 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 up 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 contract value exceeds the threshold of PLN 127,386 thousand net.

 

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