Budimex.pl

Current report no 44 / 2021

Date: May 14, 2021 10:24 AM

Design and Construction of the Suchowola Ring Road along National Road No 8 - signature of a contract

The Management Board of Budimex S.A. announces that on 2021-05-14 BUDIMEX S.A. and the State Treasury – General Director for National Roads and Motorways (entity conducting the procedure: General Directorate for National Roads and Motorways Branch in BIAŁYSTOK) concluded a contract for: Design and Construction of the Suchowola Ring Road along National Road No 8

 

The information that our bid had been:

- evaluated the highest in the tender procedure was published on 2021-03-22 in current report No 19/2021;

- selected as the most advantageous one was published on 2021-04-08 in current report No 28/2021.

 

Bid value: PLN 202,557,652.00 net

 

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

 

Works completion date: 41 months from the contract date

 

Guarantee period for the main works: from 5 to 15 years

 

Warranty period: 60 months

 

Advance payment: maximum 10% of the Accepted Gross Contract Amount

 

Payment conditions: within 30 days of the date of delivery of VAT invoices to the Employer, issued for the amounts certified in the Payment Certificates.

 

Bank performance bond: 10% of the Accepted Gross Contract amount

 

Maximum amount of the contractual penalty paid by the Contractor: 20% of the Accepted Gross Contract amount

 

Contractual penalties payable by the Contractor do not deviate from market standards.

 

The Employer shall pay the Contractor a contractual penalty for the Contractor’s withdrawal from the contract due to causes attributable to the Employer amounting to 15% of the Accepted Gross Contract Amount.

 

Penalties payable by the Employer do not deviate from market standards.

 

The Employer reserves the right to demand supplemental damages in excess of the 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 market standards.
 

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

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