Budimex.pl

Current report no 43 / 2020

Date: July 7, 2020 11:05 AM

Performance of construction works related to the redevelopment of Warszawa Zachodnia station - signing of the contract

The Management Board of Budimex S.A. announces that on 07 July 2020, the contract has been concluded between Budimex S.A  and the PKP PLK S.A., acting jointly with Tramwaje Warszawskie Sp. z o.o. for the: “Performance of construction works related to the redevelopment of Warszawa Zachodnia station” as part of the project POIiŚ 5.1-13 entitled: “Works on the Warsaw cross-city line along the section Warszawa Wschodnia – Warszawa Zachodnia” and the project POIiŚ 6.1-22 entitled: “Construction of the street car route to Wilanów together with the purchase of the rolling stock and accompanying infrastructure”.

 

The information that our bid received the highest score in the electronic auction in the tender was published on 11 March 2020 in the current report No 15/2020. The information that our bid received the highest score in the tender proceedings and was selected as the most advantageous one was published on 30 March 2020 in the current report No 22/2020 and on 18 May 2020 in the current report No 32/2020.

 

Contract value: PLN 1,941,519,840.11 net

 

Works commencement date: not later than 30 days from the Contract date

 

Works completion date: 1,101 days from the Contract date

 

Guarantee period: 72 months

 

Warranty period: 72 months

 

Advance payment: 10%

 

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 gross price specified in the bid

 

Maximum amount of contractual penalty paid by the Contractor: 30% of gross value

 

Penalties payable by the Ordering Party do not deviate from market standards.

 

The Ordering Party reserves the right to seek damages under general applicable rules if the amount of loss sustained exceeds the amount of the stipulated penalty.

 

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

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