Current report no 17/2023

Current report no 17/2023 - 21 March 2023 / 16:00

Reconstruction of Provincial Road No 928 at the section from National Road ‎‎44 to the junction with ‎National Road 1 - selection of the bid of Budimex S.A.‎

The Management Board of Budimex S.A. announces that on 21.03.2023, the Ordering Party – the Provincial Road Administration Authority in Katowice selected the bid of Budimex S.A as the most advantageous one in the limited tender procedure titled: Reconstruction of Provincial Road No 928 at the section from National Road 44 to the junction with National Road 1.

Bid value: PLN 183,031,890.70 net

Contract commencement date: within 14 days from the contract date

Works completion date: 36 months from the contract date

The completion time does not include winter periods. The winter period lasts from 16 December to 15 March and is counted as three months.

Guarantee period for the main works: maximum 96 months

Statutory warranty period: maximum 96 months

Advance payment: 5% of gross remuneration amount

Payment terms: within no more than 30 days from the date of receipt of the issued VAT invoice

Bank performance bond: 4.5% of the Accepted Gross Contract Amount

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

The Ordering Party shall pay the Contractor a contractual penalty for the Contractor’s withdrawal from the contract due to reasons attributable to the Ordering Part amounting to 20% of the Accepted Gross Contract Amount.

The Ordering Party reserves the right to demand supplemental damages in excess of the contractual penalties, up to the amount of 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 the market standards.

The bid value exceeds the threshold of PLN 158,224 thousand net.