Budimex.pl

Current report no 41 / 2020

Date: June 23, 2020 10:30 AM

Contract 1C.2 Construction of flood banks and reconstruction of the Czarny Kanał and Racza Struga canal – selection of Budimex S.A.’s bid

The Management Board of Budimex S.A. announces that on 23.06.2020 “Polish Waters” National Water Holding [Państwowe Gospodarstwo Wodne] – Regional Water Management Board in Wrocław, ul. C. K. Norwida 34, 50-950 Wroclaw, selected the bid of Budimex S.A. as the most advantageous one in the tender procedure titled: Contract 1C.2 Construction of flood banks and reconstruction of the Czarny Kanał and Racza Struga canal.

 

The total value of orders with the same Employer, including the bid referred to above, in the last 12 months amounts to PLN 190,770,225.65 net.  The highest-valued order is the aforementioned bid.

 

Terms of the highest-valued contract:

 

Bid value: PLN 102,097,560.98 net.

 

Works commencement date: the Employer will notify the Contractor of the Commencement Date at least 4 days before the date.

 

Works completion deadline: 800 days

 

Guarantee period: 365 days

 

Advance payment: 15% of the Accepted Gross Contract Amount

 

Payment terms: 56 days from the Employer’s receipt of all documents

 

Bank performance bond: 9% of the Accepted Gross Contract Amount.

 

Maximum amount of contractual penalty paid by the Contractor: maximum amount of contractual penalties for delay – 10% of the Accepted Gross Contract Amount

 

Maximum amount of contractual penalty paid by the Employer: none

 

Other terms and conditions of the contract do not differ from the market standards.

 

Total value of contracts signed by and between Budimex and its subsidiary and “Polish Waters” National Water Holding – Regional Water Management Board in Wrocław, including value of this bid, exceeds the threshold of PLN 151,393 thousand net.

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Shareholdership structure as on 17.05.2019

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