Report 38/2021 Agreement for the Construction of the National Road No. 74 Section Connecting DK 9 and DK 74 - Northern Connector
The Mostostal Warszawa S.A. Management Board ("Company") informs that on 30 November 2021, the Company concluded an agreement with the State Treasury - General Director of National Roads and Motorways ("Employer") on the implementation of the task entitled: "Construction of National Road No. 74 Section Connecting DK 9 and DK 74 - North Connector ".
- Contract value: PLN 57.51 million gross,
- Completion date: 33 months, winter periods from December 16 to March 15 are not counted towards the completion of the Works,
- Payment term: 30 days,
- Warranty period: up to 10 years for the works specified in the Agreement,
- Performance bond: 10% of the gross contract amount in the form of a banking guarantee.
In the opinion of the Management Board, the concluded Agreement, due to its significant value, may potentially have a significant impact on the Company's future financial results.