The Management Board of Budimex S.A. announces that on 8 December 2022 the contract has been signed between Budimex and the State Treasury – the Minister of National Defence, for and on whose behalf the “North Atlantic Treaty Organization Investment Department” [Zakład Inwestycji Organizacji Traktatu Północnoatlantyckiego] for: “Execution of construction and assembly works as part of the extension of the military complex in Siedlce, including construction of new facilities and reconstruction of the existing ones, along with the construction of accompanying infrastructure and land development “.

The information that our bid was selected in the tender procedure was published on 24 October 2022 in the current report no. 62/2022.

Contract value: PLN 294,615,000.00 net

Works commencement date: from the contract date

Works completion date: until 18.01.2027

Guarantee period: 3 years for all works and equipment from the date of signing the final acceptance protocol of a particular Part of the Contract

Warranty period: 60 months

Advance payment: n/a

Payment terms: payment deadline – 30 days from the day of delivery of a correctly issued VAT invoice to the Ordering Party by the Contractor.

Bank performance bond: 5% of gross remuneration.

Maximum amount of contractual penalty paid by the Contractor: 100% of gross remuneration.

Charging the contractual penalty stipulated in the Contract does not deprive the Ordering Party of the right to claim compensation on general terms.

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

The contract value exceeds the threshold of PLN 158,224 thousand net.