TYPE AND AMOUNT OF AWARDS

If at least 6 Competition Designs are received before the set deadline and if they meet Competition requirements, the following prizes will be awarded in the total amount of the net award fund of EUR 70,000 as per the following distribution:

First Prize

EUR 40,000

Second Prize

EUR 20,000 

Third Prize

EUR 10,000

Payment to winners from Serbia in RSD is at the middle exchange rate of the National Bank of Serbia on the payment date.

All legal persons from Serbia issue invoice with VAT included with the turnover date on which Competition results are announced.

The Jury shall distribute the prizes fully in accordance with the provisions of the Rulebook, with a possibility of different distribution of prizes within the planned prize fund.

The Contracting Authority undertakes to effect payments for the selected and awarded Competition Designs according to the Jury’s decision in compliance with the Competition Documentation – by a notification within 45 days from the day on which Jury’s decision is confirmed by the Contracting Authority.