Current report no 68 / 2019

Date: October 10, 2019 6:16 PM

Execution of construction works and implementation of a detailed design on the Most Wisła – Czechowice Dziedzice – Zabrzeg section – signing of the contract

The Management Board of Budimex S.A. announces that on 10 October 2019 the contract has been concluded between Budimex Budownictwo Sp. z o.o. (a wholly-owned subsidiary of Budimex S.A.) and PKP Polskie Linie Kolejowe S.A. for the “Execution of construction works and implementation of a detailed design and execution of construction works for the installation of railway traffic control equipment and railway telecommunication network equipment, including the provision of post-guarantee services for this equipment on the Most Wisła junction post – Czechowice-Dziedzice – Zabrzeg section”


The information that our bid received the highest score in the tender proceedings and was selected as the most advantageous one was published on 14 August 2019 in the current report No 55/2019 and on 20 September 2019 in the current report No 62/2019.


Bid value: PLN 1,399,752,354.70 net (Accepted Contract Amount) including:

Contingency: PLN 111,195,161.05 (Contingency is used to cover payments for services or Works that are not specified in the bill of quantities)


Works commencement date: the day following the date of signing the Contract


Works completion date: 207 weeks from the works commencement date


Guarantee period: 72 months


Warranty period: 72 months


Advance payment: 10% of the Accepted Contract Amount for the basic scope


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 liquidated damages paid by the Contractor: The total amount of liquidated damages shall not exceed 20% of the Accepted Contract Amount less the value of Contingency, however, if liquidated damages are charged for withdrawal from the contract due to the Contractor’s fault, the total amount of liquidated damages shall not exceed 30% of the Accepted Contract Amount less the value of Contingency.


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 17.05.2019

GPWKNFRespect IndexSEGWIG Budownictwo
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