Current report no 48/2023

Current report no 48/2023 - 28 July 2023 / 13:51

Construction of the Al. Wojska Polskiego National Road No 1 node together a new ‎alignment of National Road No 46 in Częstochowa – the bid of Budimex S.A. ‎evaluated the highest

The Management Board of Budimex S.A. announces that on 28.07.2023 the Municipal Road Authority in Częstochowa informed the Company that its bid had received the highest score in the tender procedure for: “Construction of the Al. Wojska Polskiego National Road No 1 node together a new alignment of National Road No 46 in Częstochowa.”

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 195,931,355.00 net

Contract commencement date: from the date of signing the contract

Works completion date: a maximum of 48 months from the Contract date

Guarantee period: 120 months

Warranty period: 120 months

Advance payment: PLN 10,000,000.00, on condition that the Contractor meets the deadline for submission of the complete architectural and construction concept to the Ordering Party

Payment terms: 30 or 35 days from the date of the Ordering Party’s receipt of a VAT invoice correctly issued by the Contractor, accompanied by all required documents, depending on the sources of financing of the project

Bank performance bond: 5% of gross bid value

Relevant terms and conditions of the contract which are characteristic of this contract, in particular those which differ from the terms and conditions commonly used for the type of contracts: project co-financed by the Polish Deal programme: Strategic Investment Programme.

Maximum amount of contractual penalty paid by the Contractor: 30% of gross remuneration

The Ordering Party reserves the right to seek additional compensation up to the amount of the damage suffered.

Other terms and conditions of the contract do not differ from the market standards.

The bid value exceeds the threshold of PLN 172,381 thousand net.