Shareholdership structure as on 20.05.2021
The Management Board of Budimex SA announces that on 24.04.2019 it was informed by Gas Transmission Operator GAZ-SYSTEM S.A., ul. Mszczonowska 4, 02-337 Warsaw about the selection of the bid of the consortium comprising Budimex S.A. (leader: 94.46% share in the consortium) and Mostostal Kraków S.A. (partner: 5.54% share in the consortium) as the most advantageous in the tender procedure: “Construction of a pipeline connecting the transmission systems of the Republic of Poland and the Slovak Republic, including the infrastructure necessary for its operation – the Strachocina pipeline – Polish border”.
Bid value: PLN 521,479,055.00 net.
Works commencement date: from the Contract date
Works completion date: 31 months from the Contract date
Guarantee period: 36 months
Statutory warranty period: 36 months
Advance payment: PLN 60,000,000.00
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 total gross remuneration
Maximum amount of contractual penalty paid by the Contractor: 20% of the net remuneration
Contractual penalties paid by the Contractor do not deviate from market standards
The Ordering Party has the right to claim supplementary compensation exceeding the amount of contractual penalties stipulated in the Contract, in accordance with the general principles of the Civil Code.
Other terms and conditions of the contract do not differ from the market standards.
The value of the contract exceeds the threshold of PLN 147,743 thousand net.