Current report no 25 / 2020

Date: April 28, 2020 11:21 AM

“Construction of S5 express road on the Ornowo–Wirwajdy section” – signing of the contract

The Management Board of Budimex S.A. announces that on 28 April 2020 the contract has been concluded between Budimex S.A and the General Directorate for National Roads and Motorways for the: “Construction of S5 express road on the Ornowo–Wirwajdy section”.


The information that our bid received the highest score in the tender proceedings and was selected as the most advantageous one was published on 6 February 2020 in the current report No 10/2020 and on 5 March 2020 in the current report No 13/2020.


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


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Shareholdership structure as on 20.05.2021

GPWKNFRespect IndexSEGWIG Budownictwo