Report 55 Contract Conclusion for the Construction of a Multi-Family Residential Building
The Management Board of Mostostal Warszawa S.A. ("Company") informs that on 23 December 2020 the Company concluded with VANTAGE DEVELOPMENT S.A. ("Employer") contract for the implementation of the task entitled: "Multi-family Residential Building with an Underground Garage, Land Development and Technical Infrastructure on the Plot No. 5/7, AM - 12, Precinct 0006 Żegrze at Wagrowska Street in Poznań".
• Contract value: PLN 47.60 million net.
• Completion date: up to 18 months from the date of handover of the construction site.
• Payment term: 30 days from the date of receipt of the invoice by the Ordering Party.
• The maximum warranty period for the building structure is 20 years.
• Performance bond: 10% of net remuneration in the form of a bank or insurance guarantee.