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Construction of Towarowa Street in Olsztyn — decision on selecting the Budimex SA and Ferrovial Agroma SA consortium’s bid

News date: July 26, 2016

Bid value: PLN 83,787,127.22 net.
Works commencement date: not later than 14 days as of signing the contract.
Works completion date: 27 months from the conclusion of the contract.
Guarantee periods: 72 months of quality guarantee and statutory warranty for defects, for the entirety of construction works covered by the contract, counted from the date of Work Acceptance Certificate for the entirety of works.
Financial terms and conditions:
Advance payment: none
Payment: 30 days from the day, on which the invoice, along with the required documents, is presented.
Bank performance bond: 10% of the accepted gross contract amount.
Maximum penalties payable by the Contractor:
30% of the accepted gross contract amount.

The Investor reserves the right to seek supplemental damages on the terms set forth in the Polish Civil Code.