The Management Board of Budimex S.A. announces that on 18 January 2024, the General Directorate for ‎National Roads and Motorways, Branch in Łódź, informed the Company that its bid was awarded the ‎highest score in the tender procedure for: Design and construction of the S12 express road on the Łódzkie ‎Province border – Radom South junction section (without the junction), section 1 – Łódzkie Province ‎border – Przysucha junction (without the junction).‎

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 367,554,821.00 net

Contract commencement date: date of the contract conclusion by both parties

Contract completion date: 43 months from Contract conclusion
The implementation time does not include winter periods, (i.e., from 16 December to 15 March). The ‎design time includes winter periods (i.e., from 16 December to 15 March).‎

Guarantee period for the main works: 15 years

Warranty period: 60 months from the date indicated in the Work Acceptance Certificate

Advance payment: from 1% to 10% of the accepted gross contract amount.‎

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

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

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

The Ordering Party reserves the right to demand supplemental damages in excess of contractual ‎penalties up to the amount of actual loss that was incurred or could be incurred due to the non-‎performance or 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 172,381 thousand net.‎