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 Report No. 6/2017 of 13 February 2017 informs that the company represented by the plenipotentiary lodged a counter-claim at the District Court in Kraków, 9th Commercial Division against the Agencja Rozwoju Miasta S.A. Based in Cracow ("Plaintiff") for payment of PLN 16,439,028.84 plus statutory interest due.

The claim against the Plaintiff includes claims for additional works and the remaining remuneration related to the construction of the  the Czyżyny Conference and Events Centre in Cracow (currently TAURON Arena Cracow).