Budimex.pl

Current report no 38 / 2019

Date: June 24, 2019 12:33 PM

The construction works at Gdynia Port railway station as part of the Project entitled “Improvement of railway access to the sea port in Gdynia” – signature of a contract

The Management Board of Budimex S.A. announces that on 24 June 2019 2019 a contract has been concluded between Budimex S.A. and  PKP Polskie Linie Kolejowe S.A. for the construction works at Gdynia Port railway station as part of the Project entitled “Improvement of railway access to the sea port in Gdynia”.

 

The information that our bid received the highest score in the tender proceedings and was selected as the most advantageous one was published on 08.01.2019 in the current report No 2/2019 and on 19.03.2019 in the current report No 14/2019.

 

Contract value: PLN 1,487,405,291.36 net.

 

Works commencement date: 25.06.2019

 

Completion date: within 30 months from the Works commencement date

 

Guarantee period for the main works: 60 months

 

Statutory warranty period: 60 months

 

Maximum penalties paid by the Contractor: The total amount of penalties charged shall not exceed 30% of the Accepted Gross Contract Amount

 

Advance payment: 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 total gross price

 

Payment of a contractual penalty does not prejudice the Ordering Party’s right to seek damages exceeding liquidated damages provided for in the contract, in accordance with general principles, including those resulting from the loss of EU funding, if the loss of this funding was for reasons attributable to the Contractor.

 

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

 

The contract value exceeds the threshold of PLN 147,743 thousand net.

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Shareholdership structure as on 18.06.2020

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