Construction of the S16 Olsztyn (S51) – Ełk (S61) road, section Olsztyn – Biskupiec (construction of the second roadway), section Olsztyn East – Barczewo – signing of the contract
With reference to current report No. 51/2024 dated 4 July 2024, current report No. 54/2023 dated 29 August 2023, current report No. 61/2023 dated 5 October 2023, current report No. 7/2024 dated 12 February 2024 and current report No. 50/2024 dated 3 July 2024. The Management Board of Budimex S.A. announces that on 27 September 2024 a contract was concluded between the General Directorate for National Roads and Motorways, Olsztyn Branch and Budimex S.A. for the task: Construction of the S16 Olsztyn (S51) – Ełk (S61) road, Olsztyn – Biskupiec section (construction of the second roadway), Olsztyn East – Barczewo section.
Contract value: PLN 412,530,636.00 net Date of commencement of works: from the date of signing the contract Date of completion of works: 39 months from the Commencement Date, winter periods are not included in the completion time Warranty period for major works: up to 10 years Warranty period: 60 months from the date indicated in the Takeover Certificate Advance payment: maximum 10% of the Accepted Gross Contract Amount Payment terms: 30 days from the date of delivery of a correctly issued VAT invoice by the Contractor to the Employer Bank guarantee of good performance: 10% of the Accepted Gross Contract Amount Maximum value of contractual penalty paid by the Contractor: 20% of the Accepted Contract Amount net The contracting authority has the right to seek compensation on general terms if the amount of damage exceeds the agreed contractual penalty. Other contractual conditions do not deviate from market standards. The value of the contract exceeds the threshold of 196,030 thousand. PLN net.
