Current report no 10/2023

Current report no 10/2023 - 9 February 2023 / 12:25

Continuation of the design and construction of the Zabierzów bypass along National Road 79 - the ‎bid of Budimex SA evaluated the highest

The Management Board of Budimex S.A. announces that on 9 February 2023, the General Directorate for National Roads and Motorways, Branch in Kraków informed the Company that its bid had received the highest score in the tender procedure for: Continuation of the design and construction of the Zabierzów bypass along National Road 79.

The aforementioned information does not mean selecting the bid of Budimex S.A. as the most advantageous one, as the procedure concerning the bid evaluation has not yet been finally completed.

Bid value: PLN 549,429,195.00 net

Contract commencement date: from the date of signing the contract

Works completion date: 37 months from the date of signing the contract

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: 10 years

Warranty period: 60 months from the date indicated in the Work Acceptance Certificate

Advance payment: maximum 10% of the Accepted Gross Contract Amount

Payment terms: up to 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 Accepted Gross Contract Amount

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

The Ordering Party reserves the right to demand supplemental damages in excess of contractual penalties up to the amount of actual loss that was incurred or could be incurred due to the non-performance or 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.