Current report no 32 / 2012

Current report no 32 / 2012 - 18 June 2012 / 00:00

Information about the selection of the offer by Budimex S.A. – Construction of the Stawiski Ring Road

The Management Board of Budimex S.A. informs that on June 18th 2012 they were notified about the selection of the Budimex SA offer by the GDDKiA Białystok Office in the procedure of open public tender award for: Construction of the Stawiski Ring Road on the route of road S-61 from S-8 (Ostrów Mazowiecka) – Łomża – Stawiski – Szczuczyn – Ełk – Suwałki – Budzisko – National Border (Kowno) from kilometre 175 + 202 to kilometre 181 + 691.04, including the construction and reconstruction of the necessary technical infrastructure.

  • Value of the offer: PLN 99,815,943.09 net
  • Commencement date: no later than 30 days from the date of concluding the contract
  • Work completion date: 15 months from the commencement date
  • Guarantee period: 60 months
  • Financial terms and conditions:
    • Advancement payment: PLN 20,000,000
    • Payment: 30 days from the date of delivering the invoice to the Contracting Authority
    • Bank performance guarantee – 5% of the asking price gross
  • Penalties paid by the Contractor:
    • 0.05% of the approved gross contractual amount for each day of delay if the time for completion of works is exceeded
    • 0.02% of the approved gross contractual amount for each day of delay if the execution of the required minimum within the time limit fails
    • 10% of the gross Approved Contractual Amount for withdrawal from the agreement for reasons attributable to the Contractor
  • Penalties paid by the Contracting Authority:
    • 10% of the approved gross contractual amount for withdrawal from the agreement for reasons attributable to the Contracting Authority
  • The Contracting Authority reserves the right to claim supplementary compensation which gives the amount of contractual penalties reflecting the amount of damage actually suffered.

The value of the offer exceeds 10% of the equity of Budimex S.A.