The Management Board of Budimex S.A. announces that on 20 June 2024 an agreement was concluded between the General Directorate for National Roads and Motorways, Szczecin Branch, and Budimex SA for the task: “Construction of the S10 Szczecin – Piła road on the section from the end of the Stargard bypass to the beginning of the Piła bypass (with the “Koszyce” junction) excluding the Wałcz bypass, section 5, the “Cybowo” junction (with the junction) – the Łowicz Wałecki junction (without the junction)”.

The information that Budimex SA’s bid was rated the highest and selected as the most advantageous was provided on 19 February 2024 in current report No. 13/2024 and on 13 March 2024 in current report No. 22/2024.

Contract value: PLN 492,089,901.00 net
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Date of commencement of works: from the date of signing the contract

Date of completion of works: 39 months from the Commencement Date, winter periods are not included.
The winter period lasts from December 16 to March 15, counted as three months
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Warranty period for major works: up to 15 years

Warranty period: 60 months from the date indicated in the Takeover Certificate
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Down payment: up to 10% of the Accepted Gross Contract Amount
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Payment terms: 30 days from the date of delivery of a correctly issued VAT invoice to the Ordering Party by
Artist
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Performance bank guarantee: 10% of the Accepted Gross Contract Amount
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Maximum value of contractual penalty paid by the Contractor: 20% of the Accepted Net Contract Amount

The contracting authority has the right to seek compensation on general terms if the amount of damage exceeds the agreed contractual penalty.

Other contractual conditions do not deviate from market standards.
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The value of the contract exceeds the threshold of PLN 196,030 thousand. PLN net.