Budimex.pl

Current report no 74 / 2019

Date: December 10, 2019 2:48 PM

Design and construction of S7 express road on the Płońsk – Czosnów section, Section III from (and including) “Modlin” junction to „Czosnów” junction (excluding the junction)” – the bid of Budimex S.A. evaluated the highest

The Management Board of Budimex S.A. announces that on 10.12.2019 the Company was informed by the Warsaw Branch of the General Directorate for National Roads and Motorways that the company’s bid had been evaluated the highest in the limited tender procedure entitled: “Design and construction of S7 express road on the Płońsk – Czosnów section, Section III from (and including) “Modlin” junction to „Czosnów” junction (excluding the junction)”

 

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 486,827,545.00 net.

 

Works commencement date: Works commencement date is the date of conclusion of a Contract with the Contractor.

 

Works completion date: 36 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

 

Terms of payment: 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 the 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 Ordering Party do not deviate from the market standards.

 

The Employer reserves the right to demand supplemental damages in excess of the contractual penalties up 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

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