Budimex.pl

Current report no 18 / 2020

Date: March 19, 2020 4:14 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)” – selection of the bid of Budimex S.A.

The Management Board of Budimex S.A. announces that on 19 March 2020 the Warsaw Branch of the General Directorate for National Roads and Motorways selected the bid of Budimex S.A. as the most advantageous bid 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 information that our bid was ranked the highest in the tender was published on 10 December 2019 in the current report No 74/2019.

 

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

 

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.

 

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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