The Management Board of Budimex S.A. announces that on 10.03.2021 the Company was informed by the Białystok Branch of the General Directorate for National Roads and Motorways that the Company’s bid had been evaluated the highest in the limited tender procedure titled: “Design and construction of S19 road on the Haćki – Bielsk Podlaski section (including a junction) together with a section of national road No 66 to the existing national road No 19”.

The aforementioned information does not mean selecting the bid of Budimex S.A. as the most advantageous one, as the procedure concerning the bid evaluation has not yet been finally completed.

Bid value: PLN 265,030,000.00 net

Contract commencement date: the date of conclusion of contract with the Contractor.

Works completion date: 36 months from the Contract date.

Guarantee period for the main works: from 5 to 10 years

Warranty period: 60 months

Advance payment: maximum 10% of the Accepted Gross Contract Amount

Terms of payment: within 30 days of the date of delivery of VAT invoices to the Employer, issued for the amounts certified in Payment Certificates.

Bank performance bond: 10% of the gross price specified in the bid

Maximum amount of contractual penalty paid by the Contractor: 20% of the Accepted Gross Contract Amount

The Employer shall pay the Contractor a contractual penalty for the Contractor’s withdrawal from the contract due to reasons attributable to the Employer amounting to 15% of the Accepted Gross Contract Amount.

The Employer reserves the right to demand supplemental damages in excess of contractual penalties up to the amount of the actual loss that was incurred or could be incurred due to the improper performance of the contract by the Contractor.

Other terms and conditions of the contract do not differ from the market standards.

The bid value exceeds the threshold of PLN 151,393 thousand net.