Budimex.pl

Current report no 72 / 2019

Date: November 21, 2019 3:16 PM

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

The Management Board of Budimex S.A. announces that on 21 November 2019 the Białystok Branch of the General Directorate for National Roads and Motorways selected the bid of Budimex S.A. as the most advantageous bid in the 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 information that our bid was ranked the highest in the tender was published on 29 October 2019 in the current report No 69/2019.

 

Bid value: PLN 843,737,091.00 net.

 

Works commencement date: Works commencement date is the date of conclusion of the Contract 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 conditions:  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

 

Contractual penalties payable by the Contractor do not deviate from market standards.

 

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

 

Penalties payable by the Employer shall not differ from market standards.

 

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 shall not differ from the market standards.

 

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

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