Budimex.pl

Current report no 33 / 2021

Date: April 20, 2021 3:34 PM

Performance of civil works under project named: “Construction of a waterway connecting the Vistula Lagoon with the Gdańsk Bay — Part II” - signing of the contract

The Management Board of Budimex S.A. announces that on 22 April 2021, the contract has been concluded between Budimex S.A  the Director of the Maritime Authority in Gdynia 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 information that our bid received the highest score in the tender proceedings and was selected as the most advantageous one was published on 9 November 2020 in the current report No 65/2020 and on 22 December 2020 in the current report No 72/2020.

 

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

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Shareholdership structure as on 18.06.2020

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