Budimex.pl

Current report no 69 / 2020

Date: December 1, 2020 1:09 PM

Flood protection for Krosno Odrzańskie - signing of the contract

The Management Board of Budimex S.A. announces that on 1 December 2020  the contract has been concluded between Budimex S.A. and  “Polish Waters” National Water Holding [Państwowe Gospodarstwo Wodne] – Regional Water Management Board in Wrocław, ul. C. K. Norwida 34, 50-950 Wroclaw for: Contract 1.B.8 Flood protection for the city of Krosno Odrzańskie.

 

The information that our bid was selected as the most advantageous one was published on 10 November 2020 in the current report No 66/2020.

 

Contract value: PLN 95,127,811.72 net

 

The total number of orders with the same Employer in the last 12 months amounted to PLN 263,706,309.90 net. The highest-valued order is the aforementioned bid.

 

Contract value: PLN 95,127,811.72 net

 

Works commencement date: on the contract date

 

Works completion date: 720 days, i.e. 24 months from the contract date

 

Guarantee period: 1 year

 

Warranty period: 1 year

 

Advance payment: 15% of the Accepted Gross Contract Amount

 

Payment terms: 30 days from the day of delivery of a correct VAT invoice to the Employer by the Contractor

 

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

 

Performance bond for environmental and social obligations: 1% of the Accepted Gross Contract Amount

 

Essential terms of contract, specific for the contract: World Bank procedures

 

Maximum amount of contractual penalty paid by the Contractor: 10% of the Accepted Gross Contract Amount

 

The Employer 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.

 

Total value of contracts signed between Budimex and its subsidiaries and “Polish Waters” National Water Holding [Państwowe Gospodarstwo Wodne] – Regional Water Management Board in Wrocław, ul. C. K. Norwida 34, 50-950 Wroclaw, including bid value exceeds the threshold of PLN 151,393 net.

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