BUDIMEX SA The Management Board of Budimex SA announces that on 15 May 2018 the Polish History Museum in Warsaw selected the bid of Budimex SA as the most advantageous one in the tender for Construction of the Polish History Museum in Warsaw.
Bid value: PLN 459,739,837.40 net.
Works commencement date: upon the hand-over of construction site.
Works completion date: 990 days from the day following the date of signing the contract
Guarantee period: 60 months
The extended period of liability for defects with regard to the following parts of the facility shall be as follows:
- structural works - 20 years
- building foundation waterproofing - 20 years
- roof - 15 years
- façades of the entire building - 15 years
Advance payment: none
Payment terms: 30 days from the day of delivery of a correct invoice to the Employer by the Contractor
Bank performance bond: 10% of the gross remuneration
Maximum amount of contractual penalty paid by the Contractor: 20% of the net remuneration
The ordering party reserves the right to seek damages under general applicable rules if the amount of loss sustained exceeds the amount of the stipulated penalty.
Contractual penalties payable by the Contractor do not deviate from market standards
Penalties payable by the Employer do not deviate from market standards
Other terms and conditions of the contract do not differ from the market standards.
The bid value exceeds the threshold of PLN 127,386 thousand net.
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Budimex SA published this content on 16 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 May 2018 15:17:05 UTC
