Design and Construction of the Suchowola Ring Road along National Road No 8 - the bid of Budimex SA evaluated the highest
The Management Board of Budimex S.A. announces that on 22.03.2021 the Company was informed by the Białystok Branch of the General Directorate for National Roads and Motorways that the Company’s bid had been evaluated the highest in the limited tender procedure titled: Design and Construction of the Suchowola Ring Road along National Road No 8
The aforementioned information does not mean selecting the bid of Budimex S.A. as the most advantageous one, because the procedure concerning the bid evaluation has not yet been finally completed.
Bid value: PLN 202,557,652.00 net
Contract commencement date: the date of the Contract conclusion by both parties
Works completion date: 41 months from the Contract date
Guarantee period for the main works: from 5 to 15 years
Warranty period: 60 months
Advance payment: maximum 10% of the Accepted Gross Contract Amount
Terms of payment: within 30 days of the date of delivery of VAT invoices to the Employer, issued for the amounts certified in the Payment Certificates.
Bank performance bond: 10% of the Accepted Gross Contract Amount
Maximum amount of contractual penalty paid by the Contractor: 20% of the Accepted Gross Contract Amount
The Employer shall pay the Contractor a contractual penalty for the Contractor’s withdrawal from the contract due to reasons attributable to the Employer amounting to 15% of the Accepted Gross Contract Amount.
The Employer reserves the right to demand supplemental damages in excess of contractual penalties up to the amount of the 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 151,393 thousand net.