The Management Board of Budimex S.A. announces that on 24.05.2024 an agreement was concluded between the General Directorate for National Roads and Motorways, Szczecin Branch, and Budimex S.A. in the tender procedure entitled “Szczecin”. “Construction of the S10 Szczecin – Piła road on the section end of the Stargard bypass – the beginning of the Piła bypass (with the “Koszyce” junction) excluding the Wałcz bypass, section 7, the “Piecnik” junction (with the junction) – the “Wałcz Zachód” junction (without the junction)”.

Information that our offer was rated the highest in the tender procedure
and selected as the most advantageous were published on 19.02.2024. in current report No. 15/2024 and on 13.03.2024. in current report No. 25/2024.

Contract value: PLN 448,960,288.00 net

Date of commencement of works: from the date of conclusion of the contract by both parties

Date of completion of works: 39 months from the date of conclusion of the contract (winter periods are not included in the time of completion of works)

Warranty period for major works: up to 15 years

Warranty period: 60 months from the date indicated in the Takeover Certificate

Down payment: from 1% to 10% of the Accepted Gross Contract Amount

Payment terms: up to 30 days from the date of delivery to the Ordering Party of VAT invoices issued for the amounts certified in the Payment Certificates

Performance bank guarantee: 10% of the Accepted Gross Contract Amount

Maximum value of contractual penalty paid by the Contractor: 20% of the Accepted Net Contract Amount

The Ordering Party reserves the right to demand supplementary compensation transferring the amount of contractual penalties to the amount of the actual damage suffered, arising or likely to arise in connection with non-performance or improper performance of the contract by the Contractor.

Other contractual conditions do not deviate from market standards.

The value of the contract exceeds the threshold of PLN 196,030 thousand. PLN net.