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 SA announces that today the company signed with VD Sp. z o.o. Mieszkania XVI Sp. k. a contract for the construction of a multi-family residential building with services, underground parking and infrastructure at the Pory street in Warsaw on registration plots  No. 5, 6, 7, 8 and part of plot No. 18/3 (the need for exit) -  under the name of Vena Mokotów.

The total period of investment execution shall be 77 weeks from the service order date of commencement of works i.e. 30 December 2016.

The value of the contract amounts to PLN 36.6 million net.

Payment deadline: 30 days from the date of filing the invoice.

Contractual penalties: the total amount of all contractual penalties accrued cannot exceed 15% of the contract value.

Guarantee period: 10 years on the construction of the building and the roofs and garages with the water and thermal insulations, 6 years on the external and internal roads and other works.

The guarantee of the proper execution of the contract is equivalent to 10% of the net contract value.