Budimex.pl

Current report no 69 / 2019

Date: October 29, 2019 3:59 PM

“Design and construction of S61 express road – Augustów bypass – state border: section between the end of Suwałki bypass and Budzisko, including Szypliszki bypass” – Budimex S.A. bid ranked highest

The Management Board of Budimex S.A. announces that on 29 October 2019 the company was informed by the Białystok Branch of the General Directorate for National Roads and Motorways about ranking highest the company’s bid in the limited tender procedure entitled: “Design and construction of S61 express road – Augustów bypass – state border: section between the end of Suwałki bypass and Budzisko, including Szypliszki bypass”.

 

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

 

Bid value: PLN 843,737,091.00 net

 

Works commencement date: on the date of Contract conclusion with the Contractor.

 

Works completion date: 24 months from the contract date

 

Guarantee period for main works: from 5 to 10 years

 

Statutory warranty period: 60 months

 

Advance payment: maximum 10% of the Accepted Gross Contract Amount

 

Payment terms: within 30 days of the date of delivery of VAT invoices to the Employer, issued for the amounts certified in Payment Certificates.

 

Bank performance bond: 10% of the Accepted Gross Contract Amount.

 

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

 

The Employer shall pay the Contractor a contractual penalty for the Contractor’s withdrawal from the contract due to causes attributable to the Employer amounting to 15% of the Accepted Gross Contract Amount.

 

The Employer 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.

 

The bid 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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