The Management Board of Budimex S.A. announces that on 29 March 2022 a contract was concluded between BUDIMEX S.A. and the Ordering Party – Tramwaje Warszawskie Sp. z o.o. for: Design and execution of works as part of the investment project titled: “Construction of a fast tram route from ul. Kasprzaka to Wilanów on the following sections: from ul. Puławska to ul. Św. Bonifacego and the Stegny loop, and from ul. Św. Bonifacego to ul. Branickiego”.

The information that our bid had been selected as the most advantageous one was published on 10 March 2022 in current report No 14/2022, after cancellation of the selection procedure, of which the Company informed in current report No 7/2022 of 10 February 2022.

Bid value: PLN 557,254,951.22 net

Basic scope – PLN 375,032,582.17 net

Options – PLN 182,222,369.05 net

The Ordering Party may exercise the option right within 10 months from the date of Contract conclusion

Contract commencement date: date of the Contract conclusion by both Parties

Works completion date:

Basic scope – 22 months from the date of Contract conclusion

Options – 20 months from the date indicated in the Ordering Party’s declaration on exercising the option right.

Guarantee period for the main works: 60 months

Warranty period: 60 months

Advance payment: 10% of the total net value of the basic scope

Payment terms: 30 days from the day of delivery of a correctly issued VAT invoice to the Ordering Party by the Contractor

Bank performance bond: 5% of gross bid value

Maximum amount of contractual penalty paid by the Contractor: 20% of total gross remuneration

Contractual penalties payable by the Contractor do not deviate from market standards.

Payment of a contractual penalty does not prejudice the Ordering Party’s right to seek compensation exceeding the amount of stipulated contractual penalty in accordance with general principles, including compensation resulting from the loss of EU funding, if the loss of this funding was due to reasons attributable to the Contractor.

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

The bid value exceeds the threshold of PLN 158,224 thousand net.