Construction of the DN700 MOP 8.4 MPa gas pipeline between Rembelszczyzna and Mory together with the infrastructure necessary for its operation – signing of the contract
The Management Board of Budimex S.A. announces that on 21 March 2023 the contract has been signed between the Gas Transmission Operator GAZ-SYSTEM S.A. and Budimex S.A. for the general works of the investment in the tender procedure entitled: “Construction of the DN700 MOP 8.4 MPa gas pipeline between Rembelszczyzna and Mory together with the infrastructure necessary for its operation”.
The information that our bid was rated the highest in the tender procedure and that our bid was selected as the most advantageous one was published on 1 December 2022 in the current report no. 71/2022 and on 2 January 2023 in the current report no. 7/2023.
Contract value: PLN 188,700,000.00 net
Works commencement date: from the contract date
Works completion date: 24 months from the contract date
Guarantee period: 36 months
Warranty period: 36 months
Advance payment: 15% of gross remuneration
Payment terms: 30 days from the day of delivery of a correctly issued VAT invoice to the Ordering Party by the Contractor
Bank performance bond: 5% of gross remuneration
Maximum amount of contractual penalty paid by the Contractor: 20% of net remuneration
Penalties payable by the Ordering Party do not deviate from market standards.
The parties have the right to claim supplementary compensation exceeding the amount of contractual penalties stipulated in the contract, in accordance with the general principles of the Civil Code.
Other terms and conditions of the contract do not differ from the market standards.
The contract value exceeds the threshold of PLN 158,224 thousand net.