Budimex.pl

Current report no 16 / 2019

Date: March 29, 2019 4:10 PM

Execution of works involving modernisation of railway line No 7 along the Dęblin – Nałęczów section between km 107.283 and km 146.320 (originally LOT C – Dęblin – Lublin Section) – Signing of the contract

The Management Board of Budimex S.A. announces that on 29.03.2019 Budimex S.A. and PKP Polskie Linie Kolejowe S.A. concluded the contract for the: Execution of works involving modernisation of railway line No 7 along the Dęblin – Nałęczów section between km 107.283 and km 146.320 /originally LOT C – Dęblin – Lublin Section/ as part of the project entitled: “Works on railway line No 7 Warszawa Wschodnia Osobowa – Dorohusk, along the section Warszawa – Otwock – Dęblin – Lublin, Phase I”

The information that our bid received the highest score in the tender proceedings and was selected as the most advantageous one was published on 28.02.2019 in the current report No 11/2019 and on 15.03.2019 in the current report No 13/2019.

 

Contract value: PLN 616,417,320.26 net

 

Works commencement date: the day after the day on which the Contract is signed by the other Party

 

Works completion date: not later than 31 October 2020

 

Guarantee period: 72 months

 

Warranty period: 72 months

 

Advance payment: not applicable

 

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

 

Bank performance bond: 10% of the total gross price

 

The maximum value of contractual penalty to be paid by the Contractor: 30% of the Accepted Contract Value less the Conditional Amount and replacement transport costs

 

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

 

Payment of a contractual penalty does not prejudice the Ordering Party’s right to seek damages exceeding liquidated damages provided for in the contract, in accordance with general principles, including those resulting from the loss of EU funding, if the loss of this funding was for reasons attributable to the Contractor.

 

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

 

The bid value exceeds the threshold of PLN 147 million 743 thousand net.

 

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Shareholdership structure as on 30.06.2018

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