Report No. 60_Conclusion of a Contract for the Construction of a Residential Building in Warsaw at Abp. Józef Teodorowicz 8 Street

The Management Board of Mostostal Warszawa S.A. ("Company") informs that on 20 November 2018, the Company concluded a contract with Acciona Nieruchomości Wilanów Sp. z o.o. with its seat in Warsaw for the implementation of the task entitled “Implementation of a Multi-Family Residential Building "B8" with Underground Garages and Accompanying Services on Plot no. 7/84 (ul. Józefa Teodorowicza 8) Together with External Infrastructure Partly on Plot 7/86 and 7/24 in the area 1 -10-26 in Warsaw.

 

Contract value: PLN 51.57 million gross.

Deadline: 20 months.

Payment date: 30 days from the date of delivery of each partial invoice and final invoice

 Warranty period: 72 months.

 Due performance security:

• 5% cash deposit from each of the partial invoices and the final invoice,

• a promissory note with a promissory note declaration and a statement on the enforcement of the execution in the amount of 5% of the due remuneration,

• both collaterals will be returned after final acceptance and replaced with a bank guarantee for of 5% of the due remuneration.

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