The Management Board of Budimex S.A. announces that on 13.11.2024. The Consortium consisting of Budimex S.A. (Consortium Partner, 50% share), Gülermak Ağir Sanayi Inşaat ve Taahhüt A.Ş. (Consortium Partner, 5% share) and Gülermak S.A. (Consortium Leader, 45% share) signed a contract with the Ordering Party, i.e. the General Directorate for National Roads and Motorways, Branch in Rzeszów, for the implementation of the Contract entitled Design and construction of the S19 expressway on the Jawornik – Lutcza section, approx. 5.25 km long.

The information that the Consortium’s offer was rated the highest in the tender procedure was published on 05.04.2024. in current report No. 29/2024.

The information that the Consortium’s offer was selected as the most advantageous in the tender procedure was published on 19.07.2024. in current report No. 56/2024.

Contract value: PLN 1,552,564,000.00 net

Contract commencement date: the date of conclusion of the contract by the Parties

Contract completion date: 59 months from the date of conclusion of the Agreement

The time of completion of the Works does not include winter periods (i.e. from 1 December to 31 March, counted as four months). Winter periods (i.e. from 1 December to 31 March, counted as four months) are included in the time covered by the design.

Warranty period for major works: up to 15 years

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

Advance 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

Bank guarantee of good performance: 10% of the gross price stated in the offer

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 Agreement exceeds the threshold of PLN 196,030 thousand. PLN net.