Design and execution of construction works for the construction of new substations on the railway line No 38 section Ełk – Korsze under the project entitled “Works on the railway line No 38 section Giżycko – Korsze, along with electrification” – signing of the contract
The Management Board of Budimex S.A. announces that on 10 April 2024, the Ordering Party, i.e. PKP Polskie Linie Kolejowe S.A., signed with the Contractor, i.e. a Consortium of companies composed of: Budimex S.A. (Consortium Leader) and Victor Energy Sp. z o.o. (Consortium Partner), an Agreement for the performance of the contract for: Design and execution of construction works for the construction of new substations on the railway line No 38 section Ełk – Korsze under the project entitled “Works on the railway line No 38 section Giżycko – Korsze, along with electrification”.
The information that the Consortium’s bid had been rated the highest in the tender procedure was published on 28.08.2023 in current report No 53/2023.
The information that the Consortium’s bid had been selected as the most advantageous one in the tender procedure was published on 17.01.2024 in current report No 3/2024.
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 161,931,673.55 net (Consortium Leader)
• Victor Energy Sp. z o.o.: PLN 33,669,952.47 net (Consortium Partner)
b) Contingency: PLN 37,500,000.00 net
Contract commencement date: the date of conclusion of contract by the Parties
Contract completion date: 32 months from the date of the contract conclusion
Guarantee period: 60 months, starting from the Final Acceptance date
Warranty period: 60 months, starting from the Final Acceptance date
Advance payment: none
Payment terms: The Contractor’s remuneration shall be paid within 30 days from the date of the Ordering Party’s receipt of a correctly issued invoice together with the required documents.
Bank performance bond: 5% of the gross total price for the basic scope specified in the bid less the gross Contingent Remuneration
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 Ordering Party’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.
The value of the contract exceeds the threshold of PLN 196,030 thousand net.
