"Construction of the S10 Szczecin – Piła road on the section end of the Stargard bypass – the beginning of the Piła bypass (with the "Koszyce" junction) excluding the bypass of the town of Wałcz, Section 2: "Stargard Wschód" junction /without the junction/ - "Suchań" junction /without the junction/" - signing of the contract
The Management Board of Budimex S.A. announces that on 5 July 2024. a contract was concluded between the General Directorate for National Roads and Motorways, Szczecin Branch and Budimex S.A. for the task “Construction of the S10 Szczecin – Piła road on the section from the end of the Stargard bypass to the beginning of the Piła bypass (with the “Koszyce” junction) excluding the Wałcz bypass, Section 2: “Stargard Wschód” junction /without the junction/ – “Suchań” junction /without the junction/”
The information that Budimex SA’s bid was rated the highest and selected as the most advantageous was provided on 19 February 2024 in current report No. 11/2024 and on 13 March 2024. in current report No. 23/2024.
Contract value: PLN 366,166,760.93 net
Date of commencement of works: from the date of conclusion of the contract by both parties
Date of completion of works: 39 months from the date of conclusion of the contract (winter periods are not included in the time of completion of works)
Warranty period for major works: up to 15 years
Warranty period: 60 months from the date indicated in the Takeover Certificate
Advance payment: from 1% to 10% of the Accepted Gross Contract Amount
Payment terms: up to 30 days from the date of delivery to the Ordering Party of VAT invoices issued for the amounts certified in the Payment Certificates
Performance bank guarantee: 10% of the Accepted Gross Contract Amount
Maximum value of contractual penalty paid by the Contractor: 20% of the Accepted Net Contract Amount
The Ordering Party reserves the right to demand supplementary compensation transferring the amount of contractual penalties to the amount of the actual damage suffered, arising or likely to arise in connection with non-performance or improper performance of the contract by the Contractor.
Other contractual conditions do not deviate from market standards.
The value of the contract exceeds the threshold of PLN 196,030 thousand. PLN net.
