The Management Board of Budimex S.A. announces that on 23 August 2022, the General Directorate for National Roads and Motorways, Branch in Lublin informed the Company that selected the bid of Budimex S.A. as the most advantageous one in the tender for: “Design and construction of the S17 Piaski – Hrebenne express road, section 9 Tomaszów Lubelski (end of the ring road) – Hrebenne (start of the ring road), with a length of approx. 17.3 km“.

The information that our bid was rated the highest in the tender procedure was published on 5 July 2022 in the current report no. 40/2022.

Bid value: PLN 486,397,390.00 net

Works commencement date: from the date of signing the contract

Works completion date: 36 months (the winter periods, i.e. from December 16 to March 15, are not included in the execution of the works; the winter periods, i.e. from December 16 to March 15, are included in the design period)

Guarantee period for main works: 10 years

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

Advance payment: 1% – 10% of the Accepted Gross Contract Amount

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: 10% of the Accepted Gross Contract Amount

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

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 due to 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 158,224 thousand net.