Current report no 77 / 2018

Date: December 31, 2018 3:12 PM

Construction of Wałbrzych ring road – Budimex SA bid rated highest

The Management Board of Budimex S.A. announces that Wałbrzych municipality – Roads, Transport and Town Services Administration in Wałbrzych and the General Directorate for National Roads and Motorways, Wrocław Branch notified the Company that its bid was rated highest in the tender procedure for “Construction of Wałbrzych ring road along the national road No 35”.

The aforementioned information does not mean selecting the bid of Budimex S.A. as the most advantageous one, because the procedure concerning the tender evaluation has not yet been finally completed.


Bid value: PLN 249,685,023.00 net.


Works commencement date: upon submitting the accepted Temporary Traffic Organisation Plan


Works completion date: 20 months from the Contract date.


Guarantee period: 60 months


Advance payment: from 5% to 10% of the accepted gross contract amount.


Payment terms: 30 days from the day of delivery of a correct VAT invoice to the Ordering Party by the Contractor


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


Penalties paid by the Contractor: The total value of contractual penalties due for the Ordering Party shall not exceed 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 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. The penalties are independent from one another and the Ordering Party has the right to seek payment of each of them separately.


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


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

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Shareholdership structure as on 18.06.2020

GPWKNFRespect IndexSEGWIG Budownictwo
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