Current report no 71 / 2014

Current report no 71 / 2014 - 29 August 2014 / 00:00

Construction of the second carriageway for the Międzyrzecze ring road - information on the selection of the offer submitted by Budimex SA

The Management Board of Budimex SA announced that on 29 August 2014 it was informed by the General Directorate for National Roads and Motorways about the selection of the bid placed by the consortium of Budimex SA (consortium leader with 95% share) and Ferrovial Agroman SA with its registered office in Madrid (consortium partner with 5% share) as the most favourable in the proceedings concerning the procurement procedure within the limited tender for the job: “Construction of the second carriageway of the Międzyrzecze ring road in the area of the S3 major road, km 0+000.00 – 6+370.00”.

  • Contract value: PLN 83,648,989.19 net.
  • Commencement date: date of the contract.
  • Finish date: 22 months from the commencement date. Winter periods (i.e. between 15 December and 15 March) shall not be included in the completion deadline.
  • Guarantee periods: 10 years.
  • Financial terms and conditions:
    • Advance payment: 5% of the approved gross contractual amount.
    • Payment: 30 days after the Contracting Authority has received a VAT invoice.
    • Performance bond: 10% of the approved gross contractual amount.
  • Maximum penalties payable by the Contractor:
    • 20% of the approved gross contractual amount.
  • Penalties payable by the Contracting Authority:
    • 15% of the approved gross contractual amount for withdrawal from the contract for reasons attributable to the Contracting Authority.
  • The Contracting Authority reserves the right to supplementary compensation, carrying the amount of contractual penalties to the amount of damage actually suffered and lost profits.

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