Report No. 32_New contract conclusion: construction of a residential building with a garage in Warsaw
The Management Board of Mostostal Warszawa S.A. announces that on 10 October 2016, the Company signed a contract with HENNIGER INVESTMENT Spółka Akcyjna for construction of a residential building with service functions on the ground floor, an underground garage, with unfinished interiors, infrastructure and area management, area levelling and construction of access roads, networks and any connections as part of an investment under the working name of “KBR_CE1” (second stage of the “Mieszkaj w Mieście” housing estate).
The deadline for implementation of the object of the contract was determined at 18 months from the date of signing the contract by the Parties, however not later than 6 April 2018.
The value of the contract amounts to: PLN 34.25 million net.
Payment deadline: 7 days from presentation of an invoice along with required documents.
Warranty period: 72 months of quality guarantee and warranty for defects in the performed work, excluding the building structure, tightness of the roof and insulation of the underground garage for which the period of warranty amounts to 120 months.
Performance bond: deposit or bank guarantee constituting 10% of the accepted net contractual amount.
The Management Board of Mostostal Warszawa S.A. informs that on 28 October 2016 the company signed, with Acciona Nieruchomości Wilanów Sp. z o.o. in Warsaw, a contract for “construction of a residential building with an underground garage and accompanying services – Building 4 (“B4”) along with external infrastructure – vicinity of ul. Teodorowicza.”
The parties agreed the deadline for the completion of contract on 2 August 2018.
The value of the contract amounts to PLN 36.90 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. Performance bond for the contract constituting 10% of the net remuneration: bank performance bond constituting 5% of net remuneration and 5% set-off from invoices.