Budimex.pl

Current report no 65 / 2020

Date: November 9, 2020 7:11 PM

Performance of civil works under project named: “Construction of a waterway connecting the Vistula Lagoon with the Gdańsk Bay — Part II” — the bid of Budimex S.A. received the best score

The Management Board of Budimex S.A. announces that on 9 November 2020, the Director of the Maritime Authority in Gdynia informed the Company that its bid had been evaluated the highest in the tender for Performance of civil works under project named: “Construction of a waterway connecting the Vistula Lagoon with the Gdańsk Bay — Part II”.

 

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 466,726,543.76 net

 

Works commencement date: on the contract date

 

Works completion date: 24 months from the conclusion of the contract

 

Guarantee period: 5 years

 

Warranty period:  5 years

 

Advance payment: up to 20% of the Approved Gross Contract Amount

 

Payment terms: 30 days from the day of delivery of a correctly issued VAT invoice to the Ordering Party by the Contractor

 

Bank performance bond: 5% of the Approved Gross Contract Amount

 

 Maximum amount of contractual penalty paid by the Contractor: 15% of the Approved Gross Contract Amount

 

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

 

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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