Current report no 9 / 2022

Current report no 9 / 2022 - 14 February 2022 / 12:51

Execution of construction and assembly works as part of the extension of the military complex in Siedlce - signing of the contract

The Management Board of Budimex S.A. announces that on 14 February 2022 the contract has been concluded between Budimex S.A and the State Treasury – the Minister of National Defence, for and on whose behalf the “North Atlantic Treaty Organization Investment Department” [Zakład Inwestycji Organizacji Traktatu Północnoatlantyckiego] for: “Execution of construction and assembly works as part of the extension of the military complex in Siedlce, including, inter alia, the construction of a sports hall building, a warehouse and staff building, a sports field complex, the construction of a military kitchen and canteen, two multi-branch warehouses, workshop building, wash and fuel station for military motor vehicles and accompanying infrastructure, including land development”.

The information that our bid was selected as the most advantageous one was published on 25 January 2022 in the current report no. 5/2022.

Contract value: PLN 215,527,000.00 net

Works commencement date: from the contract date

Works completion date: until 17.01.2025

Guarantee period:

a) 3 years for all works and equipment – from the date of signing the final acceptance protocol of a particular Part of the Contract

b) 3 years for greenery – from the date of completion of replacement planting

Warranty period: 60 months

Advance payment: n/a

Payment terms: payment deadline – 30 days from the day of delivery of a correctly issued VAT invoice to the Ordering Party by the Contractor.

Bank performance bond: 5% of gross remuneration.

Maximum amount of contractual penalty paid by the Contractor: 100% of gross remuneration.

Charging the contractual penalty stipulated in the Contract does not deprive the Ordering Party of the right to claim compensation on general terms.

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

The contract value exceeds the threshold of PLN 167,645 thousand net.