The Management Board of Budimex S.A. announces that on 28 October 2021 the General Directorate for National Roads and Motorways, Branch in Katowice, informed the Company that its bid was awarded the highest score in the tender procedure for: Design and construction of the S1 Kosztowy – Bielsko-Biała road, section I/B – the “Kosztowy II” junction (with junction) – the “Bieruń” junction (without junction).

The aforementioned information does not mean selecting the bid of Budimex S.A. as the most advantageous one, as the procedure concerning the bid evaluation has not yet been finally completed.

Bid value: PLN 397,703,300.00 net

Contract commencement date: from the date of conclusion of the contract

Works completion date: 33 months from the Commencement Date

Guarantee period for the main works: 10 years

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

Advance payment: maximum 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 net Contract Amount

The ordering party reserves the right to seek damages under general applicable rules if the amount of loss sustained exceeds the amount of the stipulated penalty.

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

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