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. (the “Company”, “Contractor”) after receipt of relevant documents today, notifies that on 13 July 2017, the Company signed an agreement with LPP S.A. (the “Investor”) for construction work as part of the investment under the name “Construction of the LPP Fashion Lab Office Building in Gdańsk at ul. Łąkowa.”

Completion deadline of the agreement: 15 months from the date of handing-over of the construction site by the Investor to the Contractor, i.e. from 15 September 2017.
The value of the agreement amounts to: PLN 67.2 million net + VAT.
Payment deadline: 30 days from invoice receipt.
Guarantee period: 60 months.

Performance bond for the Agreement: bank or insurance guarantee of proper and timely performance of the Agreement in the amount constituting an equivalent of 10% of the Agreement value.