Current report no 82 / 2011

Construction of a passenger terminal at Port Lotniczy Lublin S.A. airport in Świdnik – information on the selection of the bid by Budimex SA

The Management Board of Budimex S.A. reports that on 5 October 2011 Port Lotniczy Lublin S.A. informed that the bid by the consortium of Budimex S.A. (leader) and Ferrovial Agroman SA (partner) had been selected as the most favourable offer in the public procurement proceedings for the 'Construction of a passenger terminal together with a technical building, a technical and garage building, an airport fire brigade building and the production of detailed designs in terms of electric power, electric, low-current, water-pipe, sewage, heating, cooling, mechanical ventilation and air conditioning systems and installations for the above construction structures under the Development of the Regional Airport: Port Lotniczy Lublin S.A. (Świdnik) task'.

• Value of the offer: PLN 66,799,169.49 net
• Commencement date: once the construction site has been handed over
• Deadline: 270 days from date of signing the contract
• Guarantee period: 60 months
• Financial terms and conditions:
  • Payment: 7 days from the date of delivering the invoice to the Contracting Authority
  • Bank guarantee of successful execution: 3% of the gross contractual amount
• Penalties paid by the Contractor:
  • 0.01% of the net remuneration for each day of delay in the completion of the works
  • 0.01% of the net remuneration for each day of the contractor failing to submit a correct and complete request for the issuance of a decision permitting the use of the construction structure
  • In the event of a delay in removing defects discovered in the guarantee period: 0.03% of the remuneration for each defective element of the works (penalty calculated on the value of a given item in the Lump-Sum Price Division table)
  • For withdrawing from the contract due to reasons the Contractor is responsible for – 15% of the remuneration.
• In the event of the value of damage exceeding the stipulated penalties, the Contracting Authority is entitled to pursue damages on general principles

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