Budimex.pl

Current report no 36 / 2019

Date: June 17, 2019 12:54 PM

“Continuation of works related to the construction of the A1 motorway on the Rząsawa – Blachownia node section within the scope of protective works” – the consortium’s bid was considered the most favourable

The Management Board of Budimex S.A. announces that on 17.06.2019, the General Directorate for National Roads and Motorways Branch in Katowice, ul. Myśliwska 5, 40-017 Katowice, notified the Company that the consortium’s bid was rated highest in the tender procedure for the “Continuation of works related to the construction of the A1 motorway on the Rząsawa – Blachownia node section within the scope of protective works”.

 

The bid was submitted by the consortium consisting of: STRABAG Infrastruktura Południe Sp. z o.o. (Consortium Leader 45%), Budimex S.A. (Consortium Partner 45%), Budpol Sp. z o.o. (Consortium Partner 10%).

 

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

 

The bid value exceeds the amount earmarked by the Ordering Party for the implementation of the contract.

 

Bid value: PLN 353,172,269.55 net

 

Works commencement date: on the contract conclusion date

 

Works completion date: 15.12.2019

 

Guarantee period: Surfaces made of cement concrete – in accordance with the Contractor’s bid, i.e. 5 years

 

Statutory warranty period: 60 months from the date specified in the Work Acceptance Certificate

 

Advance payment: none

 

Payment terms: up to 14 days from the day of delivery of a correct VAT invoice to the Ordering Party by the Contractor

 

Bank performance bond: 5% of the Accepted Gross Contract Amount

 

Maximum amount of contractual penalty paid by the Contractor: 20% of the Accepted Contract Amount

 

Maximum amount of contractual penalty paid by the Ordering Party: 15% of the Accepted Contract Amount in the case of withdrawal from the contract by the Contractor due to the Ordering Party’s fault

 

The Ordering Party reserves the right to demand supplemental damages in excess of contractual penalties 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.

 

Total value of contracts signed between Budimex and its subsidiaries and the General Directorate for National Roads and Motorways Branch in Katowice, including the bid value, exceeds the threshold of PLN 147,743.00 net.

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Shareholdership structure as on 18.06.2020

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