Current report no 69 / 2022

Current report no 69 / 2022 - 28 November 2022 / 18:13

Construction of D1 Bratislava Triblavina (“Zhotovenie stavby D1 Bratislava-Triblavina”) — signing of the contract

The Management Board of Budimex S.A. announces that on 28 November 2022, State Motorway Company a.s (Národná diaľničná spoločnosť, a. s.) with its registered office in Bratislava, Slovakia, signed the contract with Budimex S.A. for: “Construction of D1 Bratislava – Triblavina, Extension in Accordance with the FIDIC Contractual Conditions – “Yellow Book”” (“Zhotovenie stavby D1 Bratislava-Triblavina, rozšírenie v zmysle zmluvných podmienok FIDIC – “žltá kniha”).

The information that our bid was selected in the tender procedure was published on 8 July 2022 in the current report no. 43/2022

Contract value: EUR 110,850,897.65 net

Works commencement date: 1.12.2022

Works completion date: 36 months from the Commencement Date

Guarantee period for the main works: 5 years

Warranty period: 12 months from the date indicated in the Work Acceptance Certificate

Payment terms: 30 days from the day of delivery of a correctly issued VAT invoice and the required documents to the Ordering Party by the Contractor.

Bank performance bond: 10% of the Accepted Gross Contract Amount

Essential terms of contract, specific for the contract: FIDIC “Yellow Book”

Maximum amount of contractual penalty paid by the Contractor: 50% of the Accepted Gross Contract Amount

The law of the Slovak Republic shall apply. According to it, the contract comes into force after its publication in the Central Register of Agreements.

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.