Budimex.pl

Current report no 25 / 2021

Date: March 31, 2021 5:52 PM

Development of detailed designs and execution of civil works for phase I of the project entitled “Works on the E75 line along the Białystok – Suwałki – Trakiszki section, stage I – Białystok – Ełk section” – bid of Budimex SA evaluated the highest

The Management Board of Budimex S.A. announces that on 31.03.2021 PKP PLK S.A. notified the Company that, following the electronic auction, its bid was evaluated the highest in the tender procedure for Development of detailed designs and execution of civil works for phase I of the project entitled “Works on the E75 line along the Białystok – Suwałki – Trakiszki (state border) section, stage I – Białystok – Ełk section”.

 

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 586,991,869.92 net.

 

Works commencement date: the commencement date shall be the day following the signature of the contract by the other party

 

Works completion date: 28 months from the Commencement Date

 

Guarantee period: 60 months

 

Statutory warranty period: 60 months

 

Advance payment: 10% of the Accepted Contract Amount for the basic scope less the gross value of the Conditional Amount

 

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

 

Bank performance bond: 5% of the total gross price.

 

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

 

Maximum amount of contractual penalty paid by the Ordering Party: none

 

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 bid value exceeds the threshold of PLN 167,645 thousand net.

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