Budimex.pl

Current report no 35 / 2020

Date: June 16, 2020 5:56 PM

Construction of road S1 Pyrzowice – Kosztowy, section: Podwarpie – Dąbrowa Górnicza (reconstruction of National Road 1) - the bid of Budimex S.A. evaluated the highest

The Management Board of Budimex S.A. announces that on 16.06.2020 the Company was informed by the Katowice Branch of the General Directorate for National Roads and Motorways that the Company’s bid had been evaluated the highest in the limited tender procedure titled: “Construction of road S1 Pyrzowice – Kosztowy, section: Podwarpie – Dąbrowa Górnicza (reconstruction of National Road 1)”.

 

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 229,368,072.00 net

 

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

 

Works completion date: 30 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 reasons 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 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 151,393 thousand net.

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Shareholdership structure as on 17.05.2019

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