The Management Board of Budimex S.A. announces that on 17 January 2024, PKP Polskie Linie Kolejowe ‎S.A. selected the bid of the Consortium of: Budimex S.A. (Consortium Leader) and Victor Energy Sp. z o.o. ‎‎(Consortium Partner) as the most advantageous bid in the tender procedure for : Design and execution ‎of construction works for the construction of new substations on the railway line No 38 at the Ełk – ‎Korsze section under the project entitled “Works on the railway line No 38 at the Giżycko – Korsze ‎section, along with electrification”.‎

The information that the Consortium’s bid was rated the highest in the tender was published on ‎‎28.08.2023 in the current report No 53/2023.‎

Value of the bid submitted by the Consortium: PLN 233,101,626.02 net, including:‎
a) Basic scope: PLN 195,601,626.02 net
‎• Budimex S.A.: PLN 158,697,040.67 net (Consortium Leader) ‎
‎• Victor Energy Sp. z o.o.: PLN 36,904,585.35 net (Consortium Partner) ‎
b) Contingency: PLN 37,500,000.00 net

Contract commencement date: the date of conclusion of contract by the Parties
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Contract completion date: 32 months from the date of contract conclusion

Guarantee period: 60 months, starting from the Final Acceptance date

Warranty period: 60 months, starting from the Final Acceptance date
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Advance payment: none
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Payment terms: The Contractor’s remuneration shall be paid within 30 days from the date of the ‎Employer’s receipt of a correctly issued invoice together with the required documents.‎
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Bank performance bond: 5% of the gross total price for the basic scope specified in the bid less the gross ‎Contingent Remuneration
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Maximum amount of contractual penalty paid by the Contractor: 20% of the net value of the Works or ‎‎30% of the net value of the Works (where a penalty for withdrawal from the contract has been charged)‎

Payment of a contractual penalty does not prejudice the Employer’s right to seek damages exceeding the ‎contractual penalty provided for in the contract, in accordance with general principles, including those ‎resulting from the loss of EU funding, if the loss of this funding was for reasons attributable to the ‎Contractor.‎

Other terms and conditions of the contract do not differ from the market standards.‎
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The bid value exceeds the threshold of PLN 172,381 thousand net.‎