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”) declares that the Company (Consortium Leader), together with the consortium partner (“Petitioners”), jointly represented by the attorney-at-law, filed a petition in the District Court in Warsaw against the State Treasury – the General Directorate of National Roads and Motorways (“Defendant”) for payment of the amount of PLN 29,063,037.26 along with due contractual interest. The Company petitions for the amount of PLN 28,978,753.45 along with contractual interest.

The petition refers to the Petitioners’ claims related to the performance of the Agreement for “Extension of National Road No. 8 to the Parameters of Express Road on the Section from the Border of Mazowieckie Province/ Łódzkie Province to Radziejowice.”