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Report No. 2/2020

Aktualności EN 29 January 2020

The Management Board of Stalexport Autostrady S.A. (hereinafter referred to as: “Stalexport Autostrady S.A.” or “Issuer”), hereby informs that on 29 January 2020 it was informed by Stalexport Autostrada Małopolska S.A. seated in Mysłowice (hereinafter referred to as: “Employer”) that the Employer issued an approval letter dated 29 January 2020 to Pavimental Polska Sp. z o.o. seated in Trzebinia (32-450), ul. Słowackiego 49 (hereinafter referred to as: “Contractor”).

The issuance of the aforementioned approval letter means that the Employer accepted the Contractor’s bid submitted in the tender procedure for the performance of a lump-sum contract “MPA12-2019 - Modernisation of 12 culverts located within the motorway right of way within the concession section of the A4 motorway Katowice-Kraków  (hereinafter referred to as “Contract”).

The net value of the Contract amounts to PLN 7,304,621.15 (hereinafter referred to as: “Approved Net Contractual Value”).

In accordance with the Contract 12 culverts under the carriageway of the motorway A4 Katowice-Krakow will be modernised.

Together with the approval letter issued by the Employer, an agreement concerning the performance of the Contract was sent to be signed by the Contractor (signed by the Employer on 29 January 2020), the content of which is consistent with the sample agreement presented in tender documents.

Pursuant to clause 27.2 of the instruction for bidders, the notification that the bid was accepted, given by the Employer in the approval letter, shall be considered as entry into the Contract until such time as the Employer and the Contractor sign the agreement.

The General Conditions governing the performance of the relevant Contract shall be “Conditions of Contract for Construction for Building and Engineering Works Designed by the Employer”, first edition from 1999, developed by Fédération Internationale des Ingénieurs-Conseils (FIDIC), a copy in the Polish language (fourth Polish-English edition, unamended, 2008). The General Conditions of Contract shall be supplemented by the Specific Conditions of Contract. The General Conditions of Contract shall be binding, unless the Specific Conditions of Contract stipulate otherwise. The General Conditions of Contract and Specific Conditions of Contract together comprise the Conditions of Contract.

The agreement provides for the following contractual penalties for the Contractor: 

  1. Penalties for delay - pursuant to clause 8.7 of the Conditions of Contract, the limit of contractual penalties equals 10% of the Approved Net Contractual Amount.
  2. Penalties for failure to remove defects or malfunctions in works within the applicable time limit - pursuant to clause 11.4 of the Conditions of Contract, the limit of contractual penalties equals 10% of the Approved Net Contractual Amount.
  3. Penalties for unjustified disturbances to traffic - pursuant to clause 8.13 of the Conditions of Contract, the limit of contractual penalties equals 2% of the Approved Net Contractual Amount.

Stalexport Autostrada Małopolska S.A. is a wholly-owned subsidiary of Stalexport Autoroute S.à r.l. seated in Luxembourg, which in turn is a wholly-owned subsidiary of Stalexport Autostrady S.A.

Legal basis:

Article 17.1 of Regulation of the European Parliament and of the Council EU No. 596/2014 of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72

Category: linked files [1]
File type File Name Date of publication Size Download
pdf Report No. 2/2020.pdf 29.01.2020 130.62KB File: Report No. 2/2020.pdf

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