The Management Board of Budimex SA informs that on 22.05.2024. an agreement was concluded between Budimex SA and Polskie Sieci Elektroenergetyczne (PSE) for the “Expansion and modernisation of the Piła Krzewina substation along with the switching of the 400 kV Piła Krzewina-Plewiska line track operating at 220 kV to 400 kV” – procedure number 2023/WNP-0223.

Information that our offer has been selected as the most advantageous was published on 14.02.2024. in current report No. 9/2024

The total value of the contract is PLN 188,722,000 net, including

Basic scope PLN 183,031,067.96 net

Value of option no. 1: PLN 3,843,652.43 net

Value of option no. 2: PLN 1,647,279.61 net

Value of the supervision option: PLN 200,000 net.

Date of commencement of works: from the date of conclusion of the Contract

Date of completion of works: 45 months from the date of conclusion of the Contract (47 months if the Ordering Party exercises the Right of Option No. 2)

Warranty period: 5 years

Warranty period: 5 years

Advance payment: 10% of the salary of the basic scope

Payment terms: 21 days from the date of delivery of a correctly issued VAT invoice to the Ordering Party by


Performance bank guarantee: 5% of the Remuneration including VAT

Maximum value of contractual penalty paid by the Contractor: 20% of the net remuneration.

The Ordering Party has the right to seek compensation on general terms if the amount of damage exceeds the agreed contractual penalty up to 100% of the net Remuneration.

Other contractual conditions do not deviate from market standards.

The value of the offering does not exceed the threshold of PLN 196,030 thousand. PLN net, however, due to the Issuer’s treatment of the information as confidential on 14.02.2024. We inform you about the next stage of the proceedings.