Budimex.pl

Current report no 66 / 2018

Date: October 5, 2018 10:10 AM

The design and construction of the S14 express road of the West Ring Road of Łódź, task A section I junction “Łódź Lublinek” – junction „Łódź Teofilów – signature of a contract

The Management Board of Budimex SA  announces  that on 5 October 2018 a contract was concluded between the consortium of  Budimex SA (Consortium Leader – 50%) and Strabag Sp. z o.o. (Consortium Partner- 50%) and the General Directorate for National Roads and Motorways, Branch in Łódź, for: The design and construction of the S14 express road of the West Ring Road of Łódź. Task A – Section I junction “Łódź Lublinek” – junction “Łódź Teofilów” Task B – Section II junction “Łódź Teofilów” (without a junction) – DK91 in Słowik municipality in the scope of part No 1 of the contract: “The design and construction of the S14 express road of the West Ring Road of Łódź Task A – Section I junction “Łódź Lublinek” – junction “Łódź Teofilów”.

 

The information that our bid had been rated the highest in the tender procedure and selected as the most advantageous one was published on 14 March 2018 in current report No 13/2018 and on 1 August in current report No 56/2018.

 

Contract value: PLN 456,748,863.00 net. 

 

Commencement date: from the contract date 

 

Completion date: 32 months from the date of the Contract conclusion, including obtaining 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 is different for various work components and is between 5 and 10 years. 

 

Statutory warranty period: 60 months 

 

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

 

Payment conditions: within 30 days of the date of delivery of a VAT invoice to the Ordering Party  

 

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

 

The maximum amount of 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 for reason attributable to the Ordering Party

 

The Ordering Party is entitled to supplemental damages raising the amount of contractual penalties to the amount of the damage actually incurred.

 

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

Shareholders
( more )

Shareholdership structure as on 17.05.2019

GPWKNFRespect IndexSEGWIG Budownictwo
I understand

This site uses cookies, so that might work better. Read about cookies at Website Privacy Policy