Report No.36_Conclusion of Agreement for Construction of the LPP Fashion Lab Office Building in Gdańsk at ul. Łąkowa
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.