Current report no 13 / 2020

Date: March 5, 2020 11:58 AM

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

The Management Board of Budimex S.A. announces that on 5 March 2020 the General Directorate for National Roads and Motorways selected the bid of Budimex S.A. as the most advantageous bid in the open tender procedure entitled: “Construction of S5 express road on the Ornowo–Wirwajdy section”.


The information that our bid was ranked the highest in the tender was published on 6 February 2020 in the current report No 10/2020.


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