Current report no 1 / 2013

Current report no 1 / 2013 - 2 January 2013 / 00:00

Continuation of the construction of the A4 Motorway - information about the selection of the Budimex SA offer

The Management Board of Budimex SA reports that on 2 January 2013 it received from the Rzeszów division of the General Directorate for National Roads and Motorways a letter informing that the offer of Budimex SA, as the most favourable one, was selected in the course of the open tender proceedings entitled “Continuation of the construction of the A4 motorway section between the Rzeszów Zachód interchange and the Rzeszów Centralny interchange.”

  • Contract value: PLN 149,569,172.93 net
  • Commencement date: no later than 28 days from the date of signing the contract
  • Deadline: no more than 14 months from the date of signing the contract. The term provided for the performance of the contract includes the winter periods
  • Guarantee period: 10 years
  • Financial terms and conditions:
    • Payment: 49 days from the delivery of the invoice to the Contracting Authority
    • Bank performance bond: 10% of the gross contract value
  • Maximum penalties payable by the Contractor: 20% of the gross contract value
  • Penalties payable by the Contracting Authority: 15% of the gross contract value for withdrawal from the contract for reasons attributable to the Contracting Authority
  • The Contracting Authority reserves the right to supplemental compensation which adapts the amount of contractual penalties to the amount of damage actually suffered and lost profits

The contract value exceeds 10% of the equity of Budimex SA.