Budimex.pl

Current report no 46 / 2020

Date: July 10, 2020 10:24 AM

Construction of S1 expressway Kosztowy – Bielsko-Biała, Section IV Oświęcim bypass (GP class national road No 44)” - signing of the contract

The Management Board of Budimex S.A. announces that on 10 July 2020, the contract has been concluded between Budimex S.A  and the Kraków Branch of the General Directorate for National Roads and Motorways selected the bid of Budimex S.A. for the: “Construction of S1 expressway Kosztowy – Bielsko-Biała, Section IV Oświęcim bypass (GP class national road No 44)”.

 

The information that our bid received the highest score in the tender proceedings and was selected as the most advantageous one was published on 7 May 2020 in the current report No 26/2020 and on 18 May 2020 in the current report No 31/2020.

 

Contract value: PLN 380,223,437.00 net

 

Contract commencement date: on the date of Contract date

 

Works completion date: 36 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.

 

Shareholders
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Shareholdership structure as on 17.05.2019

GPWKNFRespect IndexSEGWIG Budownictwo
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