Budimex.pl

Current report no 76 / 2018

Date: December 21, 2018 12:29 PM

S19 Express road, Lot C – signing of a contract

The Management Board of Budimex S.A. announces that on 21 December 2018, a contract has been concluded between Budimex S.A. and the General Directorate for National Roads and Motorways – Rzeszów Branch for “Design and construction of the S19 express road on the section from the Nisko Południe junction (without junction) to the Sokołów Małopolski Północ junction (including the junction), divided into three lots. Lot C from the Kamień junction (including the junction) to the Sokołów Małopolski Północ junction (including the junction) with the length of approx. 7.9 km.”

 

The information that our bid has been selected as the most favourable was published on 8 November 2018 in the current report 70/2018.

 

Contract value: PLN 232,848,549.99 net.

 

Works commencement date: from the contract date

 

Works completion date: 34 months from the contract date

 

Guarantee period: 120 months

 

Statutory warranty period: 60 months

 

Advance payment: from 5% to 10% of the accepted gross contract amount.

 

Payment conditions: within 30 days of the date of delivery of correctly issued VAT invoices to the Ordering Party

 

Bank performance bond: 10% of the Accepted Gross Contract Amount.

 

Penalties paid by the Contractor: The total value of contractual penalties due for the Ordering Party shall not exceed 20% of the Accepted Gross Contract Amount

 

Penalties to be paid by the Ordering Party: 15% of the Accepted Gross Contract Amount for withdrawal from the contract due to reasons attributable to the Ordering Party

 

The Ordering Party reserves the right to claim supplemental damages in excess of contractual penalties up to the amount of the actual loss that was incurred. The penalties are independent from one another and the Ordering Party has the right to seek payment of each of them separately.

 

Other terms and conditions of the contract do not differ from the market standards.

 

The contract value exceeds the threshold of PLN 127,386 thousand net.

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Shareholdership structure as on 17.05.2019

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