Current report no 43 / 2011

Current report no 43 / 2011 - 23 May 2011 / 00:00

Construction of the S8 express road, section 1: Walichnowy junction - information about the selection of the offer of Budimex SA

The Management Board of Budimex SA reports that on 23 May 2011 it received from the Łódź-based division of the General Directorate for National Roads and Motorways information about the selection of the offer of Budimex SA as the most favourable in the proceedings concerning the public procurement procedure carried out by a limited tender procedure known as “Construction of the S8 express road, section Walichnowy junction – Łódź (A1), section 1 (Walichnowy junction) from km 99+937.00 to km 101+972.92”.

  • Value of the offer: PLN 95,737,815.71 net
  • Commencement date: no later than 14 days from the date of concluding the contract
  • Deadline: 20 months from the date of concluding the contract
  • Guarantee period: 60 months from the date specified in the take-over certificate
  • Financial terms and conditions:
    • Payment: 30 days from the date of submitting the invoice to the Contracting Authority
    • Bank guarantee of successful execution – 5% of the gross contract value
  • Penalties paid by the Contractor:
    • 0.02% of the approved gross contractual amount per each day of delay in completion of works
    • For withdrawing from the contract for reasons involving the Contractor – 10% of the approved gross contractual amount
    • For failure to perform the Required Minimum Performance on time – 0.02% of the gross approved contractual amount per each day of delay. Contractual fines for a failure to perform each of the terms and conditions concerning the Required Minimum Performance will be calculated separately
  • Penalties paid by the Contracting Authority:
    • For withdrawing from the contract for reasons involving the Contracting Authority – 10% of the approved gross contractual amount
  • The Contracting Authority reserves the right to supplementary compensation which adapts the amount of contractual penalties to the amount of damage actually suffered

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