The Management Board of Mostostal Warszawa S.A. informs that today the company signed with Medical Investment Trust Sp. z o.o., a contract for “the execution of works under the general contractor for the investment involving the construction of the hotel building with apartments at the intersection of Mestwina and Międzymorze in Jurata with an underground garage with land development and technical infrastructure on the plot with registration number 326 of 0003 precincts Jastarnia".

The parties agreed the deadline for the completion of contract till 6 February 2018. 
The value of the contract amounts to PLN 14.50 million net.

Payment deadline: 30 days from the date of filing the invoice.

Guarantee periods: 60 months for the quality guarantee and guarantee for physical defects in the object of the contract.

The security for the proper performance of subject of the Agreement and claims arising from it is unconditional insurance performance guarantee of 10% of net salary. In the guarantee and warranty period the Contractor shall provide an unconditional and payable on each request bank or insurance guarantee removal of faults and defects after the final acceptance of the subject of the Agreement in the amount of 5% of the net salary.

The Management Board of Mostostal Warszawa S.A. (“Company”) in reference to current report No. 13/2017 informs that the Company, together with Mostostal Płock S.A. (48.66% subsidiary of Mostostal Warszawa S.A.) signed an agreement for construction and modernisation of the Fuel and Lubricant Warehouse (MPS 1) in Powidze today with the State Treasury – the Ministry of National Defence represented by the Investment Division of the North Atlantic Treaty Organisation (“Employer”).

Completion of performance of the Agreement shall take place within 27 months from the moment of commencement of its performance, i.e. from 28 April 2017, whereas performance of remediation processes may last until 31 December 2019.

The value of the agreement amounts to PLN 33.20 million gross.

Payment deadline: 30 days from the date of delivery of invoice to the Employer.

Guarantee period:

- 10 for the structure (parts of the structure) and elements durably embedded in the ground;  

- 5 years for machines, devices and equipment;

- 5 years for installations, networks and systems;

- 2 years for movable property, including furniture;

- 3 years for planting trees;

Performance bond: 10% of the gross contractual remuneration in cash, bank guarantee or insurance guarantee.