Current report no 66/2023

Current report no 66/2023 - 22 November 2023 / 12:46

‎“D11 1109 Trutnov – CZ/PL border” (D11 1109 TRUTNOV - STÁT6NÍ HRANICE ‎ČR/PR) – selection of the bid of Budimex S.A.‎

The Management Board of Budimex S.A. announces that on 22 November 2023, Ředitelství silnic a dálnic ČR with its registered office in Prague, the Czech Republic, selected the bid of Budimex SA as the most advantageous one in the tender procedure titled “D11 1109 Trutnov – CZ/PL border (D11 1109 Trutnov – státní hranice ČR/PR”).

Bid value: CZK 11 352 290 551.65 CZK net

Works commencement date: as soon as possible after signing the Contract

Works completion date: 54 months

Guarantee period: 120 months

Warranty period: 120 months

Advance payment: max. 25% of the net Contract Amount, but not more than CZK 250 million net

Payment terms: within 30 days from the date of the Ordering Party’s receipt of a VAT invoice correctly issued by the Contractor and accompanied by all relevant documents (partial invoices), within 60 days from the date of the Ordering Party’s receipt of a VAT invoice correctly issued by the Contractor and accompanied by all relevant documents (final invoice).

Bank performance bond: 10% of the net contract amount in the form of a bank performance bond

Maximum amount of contractual penalties paid by the Contractor: 30% of the net contract value

Contractual penalties paid by the Contractor: from CZK 100 thousand to CZK 2 million per day for failure to achieve the Milestones; CZK 1 million per day for failure to complete the subject matter of the contract on time; CZK 15 million for any case of breach of staff qualification requirements.

The contract shall be governed by the law of the Czech Republic.

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

The bid value exceeds the threshold of PLN 172,381 thousand net.