The Management Board of Budimex S.A. announces that on 16 August 2022 two contracts has been concluded between the Warsaw City Infrastructure Board [Stołeczny Zarząd Infrastruktury] and Budimex for: Construction of infrastructure to secure the operation of the complex in Sochaczew.

The information that our bid was selected as the most advantageous one was published on 2 August 2022 in the current report no. 47/2022.

The total value of contracts signed today: PLN 126,535,695.55 net

The total value of orders with the same Ordering Party in the last 12 months, including contracts referred to above, has amounted to PLN 211,290,492.22 net.

Terms of the highest-valued contract:

Contract value: PLN 124,078,554.65 net

Works commencement date: after hand-over of the construction site, handover to be effected within 14 days from signing the contract

Works completion date: 600 days from the date of signing the Contract

Guarantee period: 60 months (for plantings – 36 months, for the equipment – manufacturer’s guarantee)

Warranty period: 60 months after signing the final report without reservations

Advance payment: advance of not more than 75% of the value of the contractual remuneration. The amount of one advance payment must not exceed 33% of the contract value.

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: 3% of the amount of gross remuneration

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

Maximum amount of contractual penalty payable by the Ordering Party: 20% of gross remuneration

The Ordering Party may seek compensation under general rules if the amount of damage exceeds the amount of the stipulated penalty. In the event that the contractual penalties do not cover the amount of the damage suffered, the Ordering Party may claim compensation on general rules.

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

The total value of orders with the same Ordering Party in the last 12 months exceeds the threshold of PLN 158,224 thousand net.