Budimex.pl

Current report no 61 / 2019

Date: September 19, 2019 2:12 PM

“Adaptation of the infrastructure of the ferry terminal in Świnoujście to handle intermodal transport” – signing of the contract

The Management Board of Budimex S.A. announces that on 19 September 2019 Budimex SA and Szczecin and Świnoujście Seaports Authority S.A. concluded the contract for “Adaptation of the infrastructure of the ferry terminal in Świnoujście to handle intermodal transport”

The information that Budimex S.A bid was rated highest in the tender procedure was announced in the current report No. 47/2019 of 9 July 2019.

The information that our bid had been selected as the most advantageous one was communicated by us in current report No. 52/2019 on 25 of July 2019

 

Contract value: PLN 185,220,222.00 net

 

Works commencement date: the date of the Contract conclusion by both Parties

 

Works completion date: 30.11.2021

 

Guarantee period: 60 months

 

Statutory warranty period: 60 months

 

Advance payment: none

 

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 value

 

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: 10% of the Accepted Contract Amount if the Contractor withdraws from the contract for reasons attributable to the Ordering Party

If the contractual penalties are insufficient to cover total loss, the Ordering Party will have the right to claim damages in the full amount.

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

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

 

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Shareholdership structure as on 17.05.2019

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