Current report no 10 / 2020

Date: February 6, 2020 3:56 PM

“Construction of S5 express road on the Ornowo–Wirwajdy section” – Budimex S.A. bid ranked highest

The Management Board of Budimex S.A. announces that on 06 February 2020 the Company was informed by the Olsztyn Branch of the General Directorate for National Roads and Motorways about ranking highest the company’s bid in the open tender procedure entitled: “Construction of S5 express road on the Ornowo–Wirwajdy section”.


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


Bid value: PLN 165,603,607.00 net


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


Works completion date: 31 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 20.05.2021

GPWKNFRespect IndexSEGWIG Budownictwo