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 today it received a decision of the National Appeals Chamber which, having examined the case on 18 November, dismissed the appeal submitted by the Aldesa Construcciones Sp. o.o. based in Warsaw on the selection of the consortium of Mostostal Warszawa S.A. and Mostostal Kielce S.A. as the most advantageous bid for the construction of ring road of the Strzyżów city within the provincial road No. 988.

From the date of service of the decision Parties have 7 day for bringing proceedings to the court.

The investment will be implemented by Mostostal Warszawa S.A. with Mostostal Kielce S.A. forming part of Mostostal Warszawa Capital Group after the conclusion of the agreement.

The estimated value of the agreement will amounts to PLN 98.077 million gross.