“Construction of the Al. Wojska Polskiego National Road No 1 junction together with a new alignment of National Road No 46 in Częstochowa” – signing of the contract
The Management Board of Budimex S.A. announces that on 28 March 2024, a contract was concluded between the Municipal Road Authority in Częstochowa and Budimex S.A. in the tender procedure for: “Construction of the Al. Wojska Polskiego National Road No 1 junction together with a new alignment of National Road No 46 in Częstochowa”.
The information that our bid had been ranked the highest in the tender procedure and selected as the most advantageous one was published on 28 July 2023 in current report No 48/2023 and on 5 January 2024 in current report No 1/2024.
Contract value: PLN 195,931,355.00 net
Works commencement date: from 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, particularly 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 payable by the Contractor: 30% of gross compensation
The Ordering Party reserves the right to seek supplemental damages up to the amount of the damage suffered.
Other terms and conditions of the contract do not differ from the market standards.
The value of the contract exceeds the threshold of PLN 172,381 thousand net.
