Budimex.pl

Current report no 24 / 2020

Date: April 27, 2020 2:07 PM

Continuation of the design and construction of the S-5 express road section Nowe Marzy – Bydgoszcz – border of Kujawsko-Pomorskie and Wielkopolskie provinces. Part 1 – signing of the contract

The Management Board of Budimex S.A. announces that on 27 April 2020 the contract has been concluded between Budimex S.A and the General Directorate for National Roads and Motorways Branch in Bydgoszcz for the “Continuation of the design and construction of the S-5 express road section Nowe Marzy – Bydgoszcz – border of Kujawsko-Pomorskie and Wielkopolskie provinces, divided into 2 parts: Part 1 – Continuation of the design and construction of the S-5 express road section from the Nowe Marzy junction (without the junction) to the Dworzysko junction (incl. the junction) of approx. 23.3 km”.

 

The information that our bid received the highest score in the tender proceedings and was selected as the most advantageous one was published on 9 January 2020 in the current report No 4/2020 and on 6 March 2020 in the current report No 14/2020.

 

Contract value: PLN 460,801,720 net

 

Works commencement date: not later than 7 days from the Contract date

 

Works completion date: 22 months from the Contract date

 

Guarantee period for main works: from 5 to 10 years

 

Warranty period: 5 years

 

Advance payment: maximum 10% of the Accepted Gross Contract Amount

 

Payment terms: 30 days from the day of delivery of a correct VAT invoice to the Ordering Party by the Contractor

 

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 contract value exceeds the threshold of PLN 151,393 thousand net.

 

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Shareholdership structure as on 17.05.2019

GPWKNFRespect IndexSEGWIG Budownictwo
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