The Management Board of Budimex S.A. announces that on 29.07.2021, the contract has been concluded between Budimex S.A and General Director for National Roads and Motorways Branch in Gdańsk on: Construction of express road S6 along the Słupsk – Bożepole Wielkie section. Task 5: Leśnice junction (excl. the junction) – Bożepole Wielkie junction (excl. the junction).

The information that our bid received the highest score in the tender proceedings and was selected as the most advantageous one was published on 16.04.2021 in the current report No 31/2021 and on 30.04.2021 in the current report No 39/2021

Contract value: PLN 584,284,507.99 net

Contract commencement date: the date of conclusion of a contract by both parties

Works completion date: 38 months from the contract date

Guarantee period for the main works: from 5 to 10 years

Warranty period: 60 months

Advance payment: maximum 10% of the Accepted Gross Contract Amount

Terms of payment: within 30 days of the date of delivery of VAT invoices to the Employer, issued for the amounts certified in Payment Certificates.

Bank performance bond: 10% of the accepted gross contract amount.

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

The Employer shall pay the Contractor a contractual penalty for the Contractor’s withdrawal from the contract due to causes attributable to the Employer amounting to 15% of the Accepted Gross Contract Amount.

The Employer reserves the right to demand supplemental damages in excess of the contractual penalties up to the amount of the actual loss that was incurred or could be incurred due to the improper performance of the Contract by the Contractor.

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

The contract value exceeds the threshold of PLN 167,645 thousand net.