Budimex.pl

Current report no 70 / 2020

Date: December 9, 2020 12:50 PM

“Design and construction of S19 road at the section from the Białystok Zachód junction (excluding the junction) to the Białystok Księżyno junction (including the junction)” - signing of the contract

The Management Board of Budimex S.A. announces that on 9 December 2020  the contract has been concluded between Budimex S.A  and the Białystok Branch of the General Directorate for National Roads and Motorways on: “Design and construction of S19 road at the section from the Białystok Zachód junction (excluding the junction) to the Białystok Księżyno junction (including the junction)”.

 

The information that our bid received the highest score in the tender proceedings and was selected as the most advantageous one was published on 14 September 2020 in the current report No 55/2020 and on 9 November 2020 in the current report No 64/2020.

 

Contract value: PLN 469,108,272 net.

 

Contract commencement date: the date of the Contract conclusion by both Parties

 

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 reasons 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 up 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.

 

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Shareholdership structure as on 18.06.2020

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